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Ethnic diversity, concentration of political power and the curse of natural resources

Wadho, Waqar; Hussain, Sadia - 2020

The empirical evidence suggests that the resource rich countries tend to have poor economic perfor- mance and higher rent seeking. In this paper, we develop a general equilibrium model explaining why natural resources turn out to be a curse in an economy divided into two classes: elite and...

Persistent link: https://www.econbiz.de/10012249701

Why do natural resource-rich economies resist improving the economic complexity?

Owjimehr, Sakine; Jamshidi, Neda - In: Regional science policy and practice : RSPP 16 (2024) 7, pp. 1-9

The evidence suggests that resource-rich countries tend to exhibit a relatively constant level of economic complexity, with limited progress. To investigate the underlying causes of this phenomenon, we employed a Pooled Mean Group (PMG) model using data from the top 20 resource-rich economies...

Persistent link: https://www.econbiz.de/10014584542

Ethnic diversity, concentration of political power and the curse of natural resources

Wadho, Waqar; Hussain, Sadia - In: Economia politica : journal of analytical and … 40 (2023) 1, pp. 113-137

Persistent link: https://www.econbiz.de/10014265769

Rent taxation for nonrenewable resources

Lund, Diderik - 2009

The literature on taxation of rents from nonrenewable resources uses different theoretical assumptions and methods and a variety of empirical observations to arrive at widely diverging conclusions. Many studies use models and methods which disregard uncertainty, investigating distortionary...

Persistent link: https://www.econbiz.de/10010275656

Teorii meždunarodnogo razdelenija truda i rossijskaja naučnaja myslʹ

Barkovskij, Anatolij N.; Olʹšanskij, N. V. - 2009

Persistent link: https://www.econbiz.de/10003922146

Comparative statics for real options on oil : what stylized facts to use?

Lund, Diderik; Nymoen, Ragnar - 2013 - This version, May 27, 2013

contrast with widespread assumptions, the empirical analysis shows that the correlation of the returns on oil and the stock … market is nonpositive and not invariant to changes in volatility. For crude oil during 1993-2008, these changes are … identified as three significant breaks. -- real options ; oil ; volatility ; CAPM ; comparative statics …

Persistent link: https://www.econbiz.de/10009746544