We consider the redistributive effects of privatizing a resource previously exploited under free access. We assume that illegal extraction is punished but that the sanction is bounded by individual's wealth. First, we show that a segment of intermediate-wealth individuals is the most adversely...

This paper examines the impact of oil on economic growth in transition economies of the former Soviet Union (FSU) and Central and Eastern Europe (CEE). We use oil production and reserves data in a series of panel estimations to show that oil has had strong and robust positive growth effects...

This paper examines the impact of oil on economic growth in transition economies of the former Soviet Union (FSU) and Central and Eastern Europe (CEE). We use oil production and reserves data in a series of panel estimations to show that oil has had strong and robust positive growth effects...

Poverty and deforestation are critical issues in a number of developing countries where the policy framework is in many cases insufficient to provide rural people an incentive to afforest. This paper analyzes both the impact of land privatization on afforestation efforts of rural farm households...

Bağımsızlıklarını kazanır kazanmaz Postsovyet ülkeleri başta özelleştirme gelmekle reform çalışmalarına başladılar. Dünya özelleştirme pratiğinin bu ülkelere böyle geç gelmesinin tek sebebi, devlet mülkiyetinin ağırlık kazandığı planlı ekonominin hakim...