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Natural Resources Abundance and Macroeconomic Performance in Nigeria

Jato, Terungwa Paul; Ayaga, Joyce Mbakosun - 2022

Since the “Dutch disease”, more studies are establishing a negative relationship between natural resource abundance and a nation’s economic performance that have termed a ‘resource curse’. Nigeria being of such countries with abundant natural resources this study sought to examine the...

Persistent link: https://www.econbiz.de/10014078302

The Natural Resource Curse and Economic Transition

Alexeev, Michael - 2012

Using cross-country regressions, we examine the relationship between “point-source” resource abundance and economic growth, quality of institutions, investment in human and physical capital, and social welfare (life expectancy and infant mortality) for all countries and for the economies in...

Persistent link: https://www.econbiz.de/10013109314

Growth, Development and Natural Resources : New Evidence Using a Heterogeneous Panel Analysis

Cavalcanti, Tiago - 2013

This paper explores whether natural resource abundance is a curse or a blessing. In order to do so, we firstly develop a theory consistent econometric model, in which we show that there is a long run relationship between real income, the investment rate, and the real value of oil production....

Persistent link: https://www.econbiz.de/10013095480

The natural Resource Curse, Fiscal Decentralization, and Agglomeration Economies

Perez-Sebastian, Fidel; Raveh, Ohad - Oxford Centre for the Analysis of Resource-Rich … - 2013

Natural resource abundance is a blessing for some countries, but a curse for othes. We show that differences across countries in the degree of fiscal decentralisation can contribute to this divergent outcome. First, the paper presents a unified theory that combines political and market...

Persistent link: https://www.econbiz.de/10010678459

Economic Growth and Property Rights on Natural Resources

Borissov, Kirill; Pakhnin, Mikhail - 2021

majority voting. For this model we define an intertemporal voting equilibrium and prove that it also converges to a balanced …

Persistent link: https://www.econbiz.de/10013251193

Does information break the political resource curse? : experimental evidence from Mozambique

Armand, Alex; Coutts, Alexander; Vicente, Pedro C.; … - 2019

The political resource curse is the idea that natural resources can lead to the deterioration of public policies through corruption and rent-seeking by those closest to political power. One prominent consequence is the emergence of conflict. This paper takes this theory to the data for the case...

Persistent link: https://www.econbiz.de/10011958005

On discounting and voting in a simple growth model

Borissov, Kirill; Pakhnin, Mikhail; Puppe, Clemens - 2015

In dynamic resource allocation models, the non-existence of voting equilibria is a generic phenomenon due to the multi … on this observation, we propose an institutional setup ("intertemporal majority voting") in a Ramsey-type growth model … proposed intertemporal majority voting procedure. We also provide a characterization of balanced-growth and steady-state voting …

Persistent link: https://www.econbiz.de/10011402729

Disaggregating the resource curse : is the curse more difficult to dispel in oil states than in mineral states?

Azarchs, Timothy; Khitarishvili, Tamar - 2010

The hypothesis of the natural resource curse has captivated the economics profession, and since the mid-1990s has generated a large body of policymaking initiatives aimed at dispelling the curse. In this paper, we evaluate how the effect of resource abundance on economic growth has changed since...

Persistent link: https://www.econbiz.de/10008759440

Natural Resources and Economic Growth Revisited

Stijns, Jean-Philippe - 2013

Data on energy and mineral reserves suggest that natural resource abundance has not been a significant structural determinant of economic growth between 1970 and 1989. The story behind the effect of natural resources on economic growth is a complex one that typical growth regressions do not...

Persistent link: https://www.econbiz.de/10014133688

Chapter 28. Economic Growth and the Environment: A Review of Theory and Empirics

Brock, William A.; Taylor, M. Scott - 2005

The relationship between economic growth and the environment is, and will always remain, controversial. Some see the emergence of new pollution problems, the lack of success in dealing with global warming and the still rising population in the Third World as proof positive that humans are a...

Persistent link: https://www.econbiz.de/10014023759