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health care makes this study to examine the impact of crude oil, natural gas and agriculture output on inclusive growth in … Lag suggests that crude oil and natural gas production insignificantly impact inclusive growth while agriculture output is … growth spread in Nigeria whereas the agriculture resource is critical for inclusive growth. It is important to focus on …
Persistent link: https://www.econbiz.de/10012389129
This paper suggests that an optimal local content policy in the context of flawed institutions is a more minimal one than those typically pursued by developing countries with recently discovered petroleum reserves. We argue that local content requirements need to be seen as a public expenditure...
Persistent link: https://www.econbiz.de/10011379714
While market mechanisms and private initiatives can deliver much for development, public action is also necessary to: maximize the economic benefits of the extractive industries; manage potentially large capital and revenues flows; minimize adverse environmental and social impacts; and steer the...
Persistent link: https://www.econbiz.de/10014534816
This paper analyses the risks facing resource-dependent countries. These include: (i) economic mismanagement (the 'resource curse'); (ii) political mismanagement; (iii) environmental damage (climate change and the destruction of natural capital). It distinguishes 'risk' (which can be addressed...
Persistent link: https://www.econbiz.de/10014525762
This paper examines how the pollution generated by oil operations in Nigeria can affect agricultural total factor productivity. I analyze oil spillages, which constitute the major ecological disaster in Nigeria, leading to large environmental, economic and social problems. Following a...
Persistent link: https://www.econbiz.de/10013305815
The recent developments bring US to a leading natural gas and oil producer position. The attempts in last 20 years to bring new horizontal drilling and hydraulic fracturing technologies together have developed a success in shale gas and oil production in US; the production volumes has reached to...
Persistent link: https://www.econbiz.de/10011103455
The relationship between rural industries and agriculture during the early stages of economic development is not well … contradict the hypothesis that rural non-farm sector activities generate positive spillover effects for smallholder agriculture …
Persistent link: https://www.econbiz.de/10013291507
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
There are large volumes of gas offshore Tanzania, which has raised hopes of a boom. But those hopes look set to be disappointed. A boom would depend on there being a sizeable flow of revenue to government from producing and exporting gas. This paper sets out the scale of the gas, and the array...
Persistent link: https://www.econbiz.de/10011955475
A significant natural resource discovery creates excited popular expectations of imminent wealth. But the size of a boom is usually overestimated and the delay in receiving revenues is underestimated. This paper takes stock of the sequencing, timing, and scale of the development of a natural...
Persistent link: https://www.econbiz.de/10011955486