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Inflated expectations and commodity prices : evidence from Kazakhstan

Girard, Victoire; Kudebayeva, Alma; Toews, Gerhard - 2020

independent of the effect of the boom on real economic conditions. Unique data from Kazakhstan allows us to exploit time, sectoral … and spatial variation to identify the impact of the recent oil boom on reported satisfaction with income. Oil related … households { whose heads are employed in the private sector of the oil rich districts { report a decrease in satisfaction with …

Persistent link: https://www.econbiz.de/10012159761

Inflated Expectations and Commodity Prices: Evidence from Kazakhstan

Girard, Victoire; Kudebayeva, Alma; Toews, Gerhard - 2020

changes in real economic conditions. Unique data from Kazakhstan allows us to exploit time, sectoral and spatial variation to … identify the impact of the recent oil boom on reported satisfaction with income. Oil related households – whose heads are … employed in the private sector of the oil rich districts – report a decrease in satisfaction with their income during the boom …

Persistent link: https://www.econbiz.de/10012175726

The Distributional Dimension of the Resource Curse : Commodity Price Shocks and Income Inequality

Mohtadi, Soran; Castells-Quintana, David - 2021

How does high dependence on natural resources affect income inequality? Surprisingly little is known about the impact of high dependence on primary goods on income distribution. Building on insights from the resource curse literature, this paper studies the relationship between income shocks...

Persistent link: https://www.econbiz.de/10013249788

Structural change, economic growth and natural resource booms : a structuralist perspective

Botta, Alberto (contributor) - 2008

The recent increase in the world price of primary commodities has brought back to the forum the issue of the role of natural resources in the development process. Whilst improving terms of trade may help developing countries to grow faster in the short run, doubts still exist on the long-run...

Persistent link: https://www.econbiz.de/10003747541

Commodity Prices, Growth, and the Natural Resource Curse : Reconciling a Conundrum

Collier, Paul; Goderis, Benedikt - 2009

Currently, evidence on the ‘resource curse’ yields a conundrum. While there is much cross-section evidence to support the curse hypothesis, time series analyses using vector autoregressive (VAR) models have found that commodity booms raise the growth of commodity exporters. This paper adopts...

Persistent link: https://www.econbiz.de/10014204020

Being rich in energy resources – a blessing or a curse

Schubert, Samuel R. - Volkswirtschaftliche Fakultät, … - 2007

“Being rich in energy resources – a blessing or a curse” finds that an energy resource curse plagues many EU supplier states. This in turn directly affects Europe’s energy supply security and threatens to engulf Europe in unwanted hostilities at home and abroad. The study addresses seven...

Persistent link: https://www.econbiz.de/10005835694

Papua New Guinea and the natural resource curse

Avalos, Nayda; Gonzales Stuva, Veronica; Heal, Adam; … - 2013

Several empirical studies have found that when exports are concentrated in natural resources countries experience slower rates of economic growth. Various potential channels for this relationship have been identified including Dutch disease, volatility in the terms of trade, and impacts on...

Persistent link: https://www.econbiz.de/10009782123