Showing 1 - 10 of 10,766
Linkages between foreign aid, terrorism and natural resource (fuel and iron ore) exports are investigated in this study. The focus is on 78 developing countries with data for the period 1984 to 2008. The generalised method of moment is employed as empirical strategy. Three main foreign aid...
Persistent link: https://www.econbiz.de/10012001889
find evidence of a mitigating role for 'constraints on executive power' and 'democracy'. Other covariates found to be …
Persistent link: https://www.econbiz.de/10012509295
Persistent link: https://www.econbiz.de/10011868817
There are large volumes of gas offshore Tanzania, which has raised hopes of a boom. But those hopes look set to be disappointed. A boom would depend on there being a sizeable flow of revenue to government from producing and exporting gas. This paper sets out the scale of the gas, and the array...
Persistent link: https://www.econbiz.de/10011955475
A significant natural resource discovery creates excited popular expectations of imminent wealth. But the size of a boom is usually overestimated and the delay in receiving revenues is underestimated. This paper takes stock of the sequencing, timing, and scale of the development of a natural...
Persistent link: https://www.econbiz.de/10011955486
The paper discusses how early economists, sometimes informed by Alexander Humboldt’s pioneer detailed report on a tropical country (Mexico), interpreted the connections between natural resources, institutions and growth. The apparent paradox of a negative relation between natural wealth and...
Persistent link: https://www.econbiz.de/10014188018
The negative correlation between resource endowments and GDP growth remains one of the most robust findings in the empirical growth literature, and has been coined the “resource curse hypothesis”. The policy consequences of this result are potentially far reaching. If natural resources are...
Persistent link: https://www.econbiz.de/10005755035
This study explains the emergence of the Sicilian mafia in the XIX century as the product of the interaction between natural resource abundance and weak institutions. We advance the hypothesis that the mafia emerged after the collapse of the Bourbon Kingdom in a context characterized by a severe...
Persistent link: https://www.econbiz.de/10011734156
We suggest a dynamic game theoretic model to explain why resource abundance may lead to instability of democracy … Autocrat down. It is shown that the probability of democracy preservation is decreasing in the amount of resources if the … low institutional quality, a paradoxical effect takes place: the probability of democracy preservation may decrease with …
Persistent link: https://www.econbiz.de/10014186358
Persistent link: https://www.econbiz.de/10011563975