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An important question in development studies is how abundance of natural resources affects long-term economic growth. No consensus answer, however, has yet emerged, with approximately 40% of empirical papers finding a negative effect, 40% finding no effect, and 20% finding a positive effect....
Persistent link: https://www.econbiz.de/10011432122
An important question in development studies is how abundance of natural resources affects long-term economic growth. No consensus answer, however, has yet emerged, with approximately 40% of empirical papers finding a negative effect, 40% finding no effect, and 20% finding a positive effect....
Persistent link: https://www.econbiz.de/10011375693
Persistent link: https://www.econbiz.de/10012605153
This paper examines the effect that endangered species regulation has on natural resource development. Specifically, we … use data from competitive auctions to estimate the effect that land-use regulation protecting endangered caribou in the … design to evaluate how prices differ along regulation boundaries that constrain resource development. The auction format and …
Persistent link: https://www.econbiz.de/10011482890
We consider the Hartwick rule for capital accumulation and resource depletion, provide semantic clarifications and investigate whether this rule indicates sustainability and requires substitutability between manmade and natural capital. In addition to shedding light on the meaning of the...
Persistent link: https://www.econbiz.de/10009781576
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The productivity of the world's natural resources is critically dependent on a variety of highly uncertain factors, which obscure individual investors and governments that seek to make long-term, sometimes irreversible investments in their exploration and utilization. These dynamic...
Persistent link: https://www.econbiz.de/10012229661
Policy reform debates in African economies often focus on poverty alleviation programs, liberalisation of trade and market and social service provisions. These reforms are heavily dependent on funding from either foreign sources or natural resource wealth, accompanied with concessions from the...
Persistent link: https://www.econbiz.de/10011724406