This paper and associated presentation explores the economic phenomenon of the so called ‘resource curse’. We begin by defining the phrase and outlining the main individual ‘curses’ and their causes to give the reader a broad understanding of what is meant by the phrase. This is followed...

This paper proposes some fundamental reforms of the way the extraction of minerals are managed in Bangladesh. It suggests a Mineral Management Initiative that consists of three components: (i) the creation of Mineral Oversight Committee; (ii) the establishment of a Mineral Revenue Program; and...

This paper generalizes Hotelling?s (1931) theory of nonrenewable resources to situations where resource pools and their users are distributed spatially. Extraction and transport costs are assumed to be linear in the rate of extraction, but utilization of each deposit may require a setup cost....

The curse of natural resources detected in numerous cross-country growth regressions is questioned. Although natural resource dependence is associated with slow economic growth, there is no evidence that natural resource abundance per se is negatively related to growth. Thus, the supposed link...

The article explores what we can learn about sustainable development, and the progress the United States has already made or not made, by looking at citizen suits under United States environmental law. The article focuses on four aspects of citizen suits: the manner in which they allow access to...

This article outlines what sustainable development means when applied to industry, the necessity for sustainable industry, and how sustainable industry can change and is already beginning to change the debate about pollution control. While it is possible for industry to have a positive impact,...

This Article explains how and why sustainable development emerged as a conceptual framework, the basic concepts or principles on which this framework is based, why sustainability is primarily a matter for domestic national governance, and why the United States needs to play a leading role in...

If ethanol were to be produced in a truly sustainable manner, it would take all the corn in the United States to displace about 3.5 percent of our gasoline consumption. Furthermore, ethanol would not necessarily be a more reliable source of fuel. By displacing gasoline with ethanol, we are...

Italian Abstract: La crescente importanza attribuita al tema del cambiamento climatico e del riscaldamento globale ha fatto sì che l’attenzione dell’intero pianeta si concentrasse sul controverso tema dell’energia, prima circoscritto ad un ruolo di secondo piano. Gli organismi e i gruppi...

In a Ramsey policy regime, heterogeneity in beliefs about the potential costs of climate change is shown to produce policy ambiguities that alter carbon prices and taxation. Three sources of ambiguity are considered: (i) the private sector is skeptical, with beliefs that are unknown to the...