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The Southern African Development Community (SADC) countries are rich in natural resources and in most of them their extractive industries extract and export natural resources with little industrial processing. This study analyzes the direct and indirect impacts that the extractive industries in...
Persistent link: https://www.econbiz.de/10012266066
Real wages are a key determinant of marginal costs. The latter themselves are a driving force of inflation. We ask how wages and labor market shocks feed into the inflation process. We model search and matching frictions in the labour market in an otherwise standard New-Keynesian closed economy...
Persistent link: https://www.econbiz.de/10003229297
We develop a two-sector, heterogeneous-agent model with incomplete financial markets to study the distributional effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to inflation targeting, exchange rate management benefits...
Persistent link: https://www.econbiz.de/10011309046
mining-induced earthquakes. Leveraging data from the Dutch Lifelines Cohort Study and Biobank and the Royal Netherlands … support a reassessment of the societal costs of the mining of natural gas. …
Persistent link: https://www.econbiz.de/10015407740
In this paper, we study how mines change local societies in the Nordic countries with a particular focus on the Arctic region. Our study is based on register data at the municipality level from Norway, Sweden, and Finland for the period 1986 to 2013. The applied econometric model allows for...
Persistent link: https://www.econbiz.de/10011457391
This study on the economics of gender differences examines whether the mining industry acts as a blessing or curse for … mining royalties with local groups that support investments in women and children. Findings imply that mineral mining can …
Persistent link: https://www.econbiz.de/10012316249
censuses for Ghana, we test and find support for four predictions related to this hypothesis: (1) a recent, positive mining … the south of the country, (2) the effect of the mining output shock on output and productivity growth in other sectors … other sectors with respect to the change in employment in mining closely follows the regional patterns of intersectoral …
Persistent link: https://www.econbiz.de/10013332119
This paper studies the consequences of the buildup of a new economic sector - the Norwegian petroleum industry - on investment in human capital. We assess both short-term and long-term effects for a broad set of educational margins, by comparing individuals in regions exposed to the new sector...
Persistent link: https://www.econbiz.de/10014311599
In line with the neoclassical growth model a persistent stream of oil revenues might have a long lasting impact on GDP per capita in oil exporting countries through higher investment activities. This relationship is explored for Iran and the countries of the Gulf Cooperation Council (GCC) using...
Persistent link: https://www.econbiz.de/10010339608
Using the Synthetic Control Method (SCM) and a novel method for measuring changes in educational attainment we examine the link between educational attainment and shale oil and gas extraction for the states of Montana, North Dakota, and West Virginia. The three states examined are...
Persistent link: https://www.econbiz.de/10011449861