We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...

We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...

To investigate the effects on Papua New Guinea's economy of substantial liquified natural gas revenues arriving in 2015, we employ a model to examine the macroeconomic effects of a scalingup of natural resource windfall revenues and the implications for a variety of policy responses. The model...

This essay reviews the relationship between natural-resource abundance and economic growth around the world, and presents some new results. The principal reasons why resource-based production can inhibit economic growth over long periods are traced to the Dutch disease, neglect of education,...

This volume is about the challenges and opportunities facing developing countries in using their extractive industries to achieve inclusive and sustainable development. It recognises explicitly the greatly increased importance of mining, oil and gas in many lower income countries.

1. Introduction: Ghana’s Petroleum Industry in Transition -- 2. Examining Ghana’s New Exploration and Production Act and Other Legislative Developments -- 3. The Ghana-Cote-d’Ivoire Maritime Border Dispute and Transboundary Resource Management in the Gulf of Guinea -- 4. Upstream Petroleum...