Showing 21 - 30 of 167,282
Africa's interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are they the optimal response to geography and comparative advantage, or the result of suboptimal political distortions? We investigate the political determinants of road paving in...
Persistent link: https://www.econbiz.de/10011960429
In this paper we discuss the influence of using different production functions on modeling the resource extraction rates and economic growth. The focus is set on the modeling of the production sector, which requires either non-renewable resources, renewable resources or a combination of both...
Persistent link: https://www.econbiz.de/10010402272
resources. The resource revenue is equally distributed among agents, who choose the resource extraction rate by voting. We … define an intertemporal voting equilibrium and show that it also converges to a balanced-growth equilibrium. The long …-run voting equilibrium extraction rate and the rate of growth are determined by the median discount factor. Our results suggest …
Persistent link: https://www.econbiz.de/10011228003
owned and the resource extraction rate is chosen by voting. We show that if discount factors are given exogenously, the long …
Persistent link: https://www.econbiz.de/10008794566
resources are public property and the resource extraction rate is chosen by voting. We show that the long-run rate of growth is …
Persistent link: https://www.econbiz.de/10011124113
This study identifies the determinants of interstate variation in labor productivity levels at twenty-year intervals between 1880 and 1980. Focusing on fundamental rather than proximate influences, we find that institutional characteristics, physical geography, and resource abundance can account...
Persistent link: https://www.econbiz.de/10008462867
In this paper we discuss the influence of using different production functions on modeling the resource extraction rates and economic growth. The focus is set on the modeling of the production sector, which requires either non-renewable resources, renewable resources or a combination of both...
Persistent link: https://www.econbiz.de/10010398464
We investigate the resource impact on economic growth using matching. Using a nonparametric minimum-distance matching method, we match the countries according to their observable characteristics, and estimate the relative growth rates of each matched pair. This way we are able to analyze the...
Persistent link: https://www.econbiz.de/10013117992
Natural resource abundance is a blessing for some countries, but a curse for others. We show that differences across countries in the degree of fiscal decentralization can contribute to this divergent outcome. Using a large panel of countries, covering several decades and various fiscal...
Persistent link: https://www.econbiz.de/10013038322
We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three different groups of countries: We find that in the...
Persistent link: https://www.econbiz.de/10013022269