We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …

regimes depending on the values of the parameters in the investment, saving and distribution function. Estimating these core …

, as well as on the effects of increasing "shareholder value orientation" of management's investment decisions. An isolated … increase in the "shareholder value orientation" of management's investment decisions has a uniquely negative effect on capacity … investment and the saving function of the models. "Profits without investment", the "intermediate" case in both models, is a …

permanent, uniform trade liberalization across countries. Our model allows for both the relative price of investment and the … investment rate to depend on the world distribution of trade barriers. Accounting for transitional dynamics, welfare gains are …

resource curse does not hold in a world with capital as production factor. Low interest rates now trigger an investment boom …