Showing 1 - 10 of 123,462
This study explains the emergence of the Sicilian mafia in the XIX century as the product of the interaction between natural resource abundance and weak institutions. We advance the hypothesis that the mafia emerged after the collapse of the Bourbon Kingdom in a context characterized by a severe...
Persistent link: https://www.econbiz.de/10011734156
This paper examines the role of corruption in the relationship between natural resources and exports diversifi­ cation … diversification while forest and mineral resources decrease export diversification. Also, in the short run, executive corruption …, executive corruption instead mitigates the negative effect of natural resources irrespective of their type on export …
Persistent link: https://www.econbiz.de/10014429059
through corruption and rent-seeking by those closest to political power. One prominent consequence is the emergence of …
Persistent link: https://www.econbiz.de/10011958005
Natural resource discoveries, even when fairly modest in terms of the revenues they are expected to generate, can have significant macroeconomic effects and implications for the conduct of fiscal and monetary policy. In this respect, Uganda is no different from other oil-rich countries. In five...
Persistent link: https://www.econbiz.de/10010438361
Between 1997 and 2014, US corn, soybean and cotton production almost fully converted to genetically modified crops. Starting around 2007, improved tight oil and shale gas technologies turned the declining US fossil fuel production into a booming industry. We study the effects of these two...
Persistent link: https://www.econbiz.de/10011761618
Because excessive specialization can be risky, diversification matters for sustainable development. A case study of Madagascar, this paper begins by briefly discussing economic and institutional diversification and presenting a simple model of production possibilities to illuminate the possible...
Persistent link: https://www.econbiz.de/10015048370
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...
Persistent link: https://www.econbiz.de/10014187606
heavy dependence on natural resources and agriculture may result in rent seeking (e.g., corruption) and policy failures (e …
Persistent link: https://www.econbiz.de/10014199132
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...
Persistent link: https://www.econbiz.de/10014202091
This paper and associated presentation explores the economic phenomenon of the so called ‘resource curse’. We begin by defining the phrase and outlining the main individual ‘curses’ and their causes to give the reader a broad understanding of what is meant by the phrase. This is followed...
Persistent link: https://www.econbiz.de/10014202386