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We analyze the dynamic effect of prices and price volatility on current oil production, both on the level of country groups and the major individual producer countries. A comprehensive dataset at monthly frequency allows us to include a rich lag structure while controlling for key global and...
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This paper looks at how trade liberalization and institutional quality influence real income. Previous evidence has provided mixed results, and we find that indicators representing trade liberalization have been very weak. By using strongly balanced panel data of 45 Sub-Saharan African countries...
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which freedoms channels are poverty and inequality mitigated? With the instrumentality of formal institutions: (1) de jure …) political liberalization has a disequalizing effect and; (3) economic freedom has a positive (negative) effect on inequality … some channels of globalization on poverty (and inequality), formal institutions have the capacity to device policies that …
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This paper provides a brief overview of the political economy of Caspian oil. It begins by situating the Caspian region's oil sectors in the larger global market, before proceeding to examine the ways in which the Azerbaijani, Turkmen, and Kazakh oil sectors have been organised and governed...
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