Thailand stands out in international comparison as a country with a high dispersion of productivity across sectors. It has especially low labor productivity in agriculture - a sector that employs a much larger share of the population than is typical for a country at Thailand's level of income....

This paper provides evidence on the influence of oil price uncertainty on the real economic activity in two Middle Eastern countries, namely, Jordan and Turkey that are heavily dependent on oil imports. To measure the effect of uncertainty, the paper combines a bivariate structural VAR with a...

The paper constructs a model of optimal Growth with resource constraints. It was the first to call for what came to be called environmental accounting in calculation of national income accounts (proposition 2 of the paper) and it is only second after the author's PhD dissertation to provide...

The main driver of poverty reduction has shifted from agricultural to non-agricultural income growth in rural Philippines in the past two decades. Agricultural growth is still relatively more important (vis-à-vis non-agricultural growth), however, in reducing rural poverty in relatively more...

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...

The purpose of this paper is to survey the contributions to economic growth theory. We focus on the basic models and literature that link resource economic and economic growth, in order to reveal the main differences on how the different aspects are incorporated into growth models. As economic...

Economic growth does not necessarily ensure environmental sustainability for a country. The relationship between the two is far more complicated for developing countries like India, given the dependence of a large section of the population on natural resources. Under this backdrop, the current...

This paper introduces an empirical growth model that explains the observed perplexing growth-resource regime, dubbed the resource curse. The main hypothesis introduced here, the rentier predatory state hypothesis, holds that under autocracy, the interaction between political power and resource...

I analyze the effect of inequality on economic growth in Latin America, where inequality is measured as the area of family farms as a percentage of the total area of agricultural holdings. Using data from 18 Latin American countries between 1960 and 2004, I find that inequality has a nonlinear...

Despite the large and expanding literature on pro-poor growth, quantitative studies identifying policy levers leading to pro-poor growth remain scarce, and this paper addresses this lacuna in the literature. The main driver of rural poverty reduction shifted from agricultural to non-agricultural...