This paper studies the effect of oil discoveries on economic growth in Brazilian municipalities for the period from 1940 to 2000. It uses a unique identification strategy which exploits data on the drilling of approximately 20,000 oil wells in Brazil since oil explorations began in the country....

Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)? Recent empirical evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to be associated with higher per capita GDP growth rates...

The Kyrgyz Republic is a country with transition economy. Its growth performance is constantly one of the lowest compared to other CIS countries. Growth rates reduce due to strong political instability and high corruption level in the country. Despite being leading reformer in the region, the...