In economic theory, technology is treated as crucial factor contributing significantly to economic development. In seminal works of Schumpeter [1934, 1947], Baumol [1986], Gerschenkron [1962] or Abramovitz [1986], the emphasis on the role of technological progress in process of economic...

There are large volumes of gas offshore Tanzania, which has raised hopes of a boom. But those hopes look set to be disappointed. A boom would depend on there being a sizeable flow of revenue to government from producing and exporting gas. This paper sets out the scale of the gas, and the array...

A significant natural resource discovery creates excited popular expectations of imminent wealth. But the size of a boom is usually overestimated and the delay in receiving revenues is underestimated. This paper takes stock of the sequencing, timing, and scale of the development of a natural...