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contracted the "Dutch Disease", that is, if a boom in the oil and gas industry has led to a process of de …
Persistent link: https://www.econbiz.de/10013005630
Oil resources are neither a curse nor a blessing. The sound management of these resources can make them beneficial or … otherwise. In order to translate Ghana's oil resources into inclusive development amid high expectations, several laws and …
Persistent link: https://www.econbiz.de/10011894318
Genuine saving measures net investment in produced, natural and human capital. It is a necessary condition for weak sustainable development that genuine saving not be persistently negative. However, according to data provided by the World Bank, resource-rich countries are systematically failing...
Persistent link: https://www.econbiz.de/10014071807
This paper presents evidence on the distributional effects of energy extraction by examining the recent U.S. energy boom. The boom increased local wage rates in almost every major occupational category. The increase occurred regardless of whether the occupation experienced a corresponding change...
Persistent link: https://www.econbiz.de/10011657592
Purpose: The purpose of this study is to determine the resilience of oil intensive Romanian communities to oil price … oil extraction activities using GIS (Geographic Information System) software. We then apply a random effects panel … regression model to check the significance of the oil price as a predictor of employment. Finding: Results indicate that the …
Persistent link: https://www.econbiz.de/10012239837
Countries face both challenges and opportunities in using their extractive industries to achieve more inclusive development - particularly in the developing world. Yet while a large national income can result from resource wealth, it can also be associated with acute social inequality and deep...
Persistent link: https://www.econbiz.de/10011983951
Do resource-extraction booms crowd out postsecondary education? We explore this question by examining the higher education-related decisions of Chilean high school graduates during the 2000s commodities boom. We find mineral extraction increases a person's likelihood of enrolling in...
Persistent link: https://www.econbiz.de/10014494627
's oil export earnings, while the local goods sector expands. For input price effects to emerge, land is needed as a third … input. For the "large land" case, we can have imports of capital steadily decline as oil earnings expand. Earnings from oil …
Persistent link: https://www.econbiz.de/10003919319
We set out a model of a small open economy exporting oil and a traditional exportable in return for produced capital … export sector declines with an exogenous increase in the country’s oil stock. Strong Dutch disease (SDD) involves a net … diminution in produced capital in use in the small open economy after the oil discovery shock. SDD turns on the exportable sector …
Persistent link: https://www.econbiz.de/10003689455
We investigate whether mining affects local-level corruption in Africa. Several cross-country analyses report that natural resource production and wealth have adverse effects on political institutions, for instance by increasing corruption, whereas other country-level studies show no evidence of...
Persistent link: https://www.econbiz.de/10010530535