Although the relationship between natural resources and civil war has received much attention, little is known about the underlying mechanisms. Controversies and contradictions in the stylized facts persist because resource extraction is treated as exogenous while in reality fighting affects...

According to conventional wisdom, strategic natural resources like oil are harmful to international peace. Nonetheless, there is little empirical quantitative work on the link between resource abundance and interstate conflicts. Analyzing the impact of oil on militarized interstate disputes on a...

China's emerging standing in the world demands a major rethinking of its diplomatic strategies. Given its population size, geographical scale, economic power and military presence, China is poised to play a larger political role in the twenty-first century, and is thus perceived by the...

We analyze (frequency) connectedness and portfolio hedging among U.S. energy commodities from 1997 to 2023. We show that the total connectedness increased over time, likely due to the increasing financialization of energy commodities. It fluctuates with respect to (i) different investment...

In Folge des russischen Angriffs auf die Ukraine sind die Preise für Erdgas im Jahr 2022 in immense Höhen geschnellt und haben gerade Deutschland die Folgen seiner starken Abhängigkeit von Russland spüren lassen. Die Preisspitzen sind inzwischen zwar abgeklungen, die europäische...

As a result of the Russian attack on Ukraine, natural gas prices skyrocketed in 2022 and Germany in particular felt the impact of its strong dependency on Russia. Prices have since relaxed, the European natural gas industry has overcome the uncertainty due to the energy crisis in 2022, and the...

There are many indicators of energy security. Few measure what really matters-an affordable and reliable energy supply-and the trade-offs between the affordability and reliability. Reliability is physical, affordability is economic. The latest Russian invasion of Ukraine highlights some of the...

Die Sicherung von strategischen mineralischen Rohstoffen ist für die wirtschaftliche Wettbewerbsfähigkeit, insbesondere in Deutschland, von besonderer Bedeutung. Der Beitrag hebt die Abhängigkeit von Importen hervor, die zu einer Abhängigkeit von rohstoffreichen Ländern führt. Es werden...

Despite a growing literature on the natural resource curse, existing studies are sparse on how real effective exchange rate, political stability and corruption shape the relationship between natural resources and tourism revenues. This study analyses both the direct and indirect effects of...

Past episodes of energy insecurity have been fleeting and the fears have been assuaged by market forces or technical change. This paper analyses the nature of the EU's current energy security problems, emphasising the increased importance of natural gas and high level of dependence on Russian...