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Resource curse or not: A question of appropriability
Boschini, Anne D.; Pettersson, Jan; Roine, Jesper - 2003
This paper shows that whether natural resources are good or bad for a country's development depends crucially on the interaction between institutional setting and the type of resources that the country possesses. Some natural resources are for economical and technical reasons more likely to...
Persistent link: https://www.econbiz.de/10010281425
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The resource curse and its potential reversal
Boschini, Anne; Pettersson, Jan; Roine, Jesper - 2012
Several recent papers suggest that the negative association between natural resource intensity and economic growth can be reversed if institutional quality is high enough. We try to understand this result in more detail by decomposing the resource measure, using alternative measures of both...
Persistent link: https://www.econbiz.de/10010321368
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Resource curse or not : a question of appropriability
Boschini, Anne D. (contributor); Pettersson, Jan (contributor) - 2003 - [Elektronische Ressource]
This paper shows that whether natural resources are good or bad for a country's development depends crucially on the interaction between institutional setting and the type of resources that the country possesses. Some natural resources are for economical and technical reasons more likely to...
Persistent link: https://www.econbiz.de/10001788950
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The resource curse and its potential reversal
Boschini, Anne; Pettersson, Jan; Roine, Jesper - 2012
Several recent papers suggest that the negative association between natural resource intensity and economic growth can be reversed if institutional quality is high enough. We try to understand this result in more detail by decomposing the resource measure, using alternative measures of both...
Persistent link: https://www.econbiz.de/10009670216
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The Coevolution of Economic and Political Development
Huang, Fali - 2006
This paper establishes a simple model of long run economic and political development, which is driven by the inherent technical features of different factors in production, and political conflicts among factor owners on how to divide the outputs. The main capital form in economy evolves from...
Persistent link: https://www.econbiz.de/10014056680
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Wachstum durch das Nadelöhr begrenzter Budgets
Klein, Rolf - Volkswirtschaftliche Fakultät, … - 2011
The interplay between supply and demand in the context of growth processes is examined. It is demonstrated that economic development is also significantly influenced by demand under classic, exchange-based hypotheses. Growth assumes that economic operators are willing to change the composition...
Persistent link: https://www.econbiz.de/10009647381
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Optimal Fiscal Policy in an Economy Facing Socio-Political Instability
Ghate, Chetan; Le, Quan Vu; Zak, Paul J. - 2002
We present a model of optimal government policy when policy choices may exacerbate socio-political instability (SPI). We show that optimal policy that takes into account SPI transforms a standard concave growth model into a model with both a poverty trap and endogenous growth. The resulting...
Persistent link: https://www.econbiz.de/10010260637
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The politics of endogenous growth
Zak, Paul J.; Ghate, Chetan - 2002
Is it politically feasible for governments to engineer endogenous growth? This paper illustrates two reasonable political decision mechanisms by which fiscal policy generates endogenous growth with a single accumulable factor, under a constant returns to scale production technology, and without...
Persistent link: https://www.econbiz.de/10010260647
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The Welfare State, Thresholds, and Economic Growth
Fic, Tatiana; Ghate, Chetan - 2004
Can a growing welfare state induce a regime switch in the growth rate of an economy? This paper constructs a dynamic political economy model of economic growth and the welfare state in which both variables are non-linearly related and jointly endogenous. Using a Markov switching framework over...
Persistent link: https://www.econbiz.de/10010260719
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Transitional Dynamics in a Growth Model with Distributive Politics
Ghate, Chetan - 2005
This paper constructs a heterogenous agent model of endogenous distribution and growth. When the labor leisure choice … initial distribution of capital in the steady state. There is complete equality and every household?s preferred tax rate … long run. These results extend the model of endogenous distribution and growth in Das and Ghate (2004) in two ways. First …
Persistent link: https://www.econbiz.de/10010260871