This paper explores the economic consequences of (taxing) power fragmentation using both theory and data. We first formalize tax policy as the result of interministerial competition where the Minister of Finance ('Guardian') and the Minister of Mines ('Spender') have distinct objective...

The need for developing countries to increase their domestic revenue has always been relevant, especially after the COVID-19 pandemic, which weakened their public finances. This paper analyses the dynamic treatment effects of the Extractive Industries Transparency Initiative (EITI)...

Non-tariff measures (NTMs), especially sanitary and phytosanitary (SPS) measures and technical barriers to trade (TBTs), have become crucial components of climate, industrial, and regulatory policy, impacting the majority of global trade. However, quantifying their effects on trade is...

We develop a unified cost-benefit framework that allows for a better understanding of nature conservation and climate policies under risk and uncertainty. We derive modified Hotelling rules from a social planner’s welfare optimization. They reveal four forces that jointly determine market...

Because of convergence, initial income is an important explanatory variable in many growth regressions. Its omission can lead to misspecification bias that may seem to – but still does not – contradict the common albeit somewhat controversial empirical finding that natural resources, if not...

I examine whether trade can improve the impact of population growth on natural resources (NR) and welfare over time. Under autarky, population growth results in NR and welfare collapse over time, irrespective of the value of the returns to scale in the manufacturing sector, ϕ. Under trade, NR...

I examine whether trade can improve the impact of population growth on natural resources (NR) and welfare over time. Under autarky, population growth results in NR and welfare collapse over time, irrespective of the value of the returns to scale in the manufacturing sector, ϕ. Under trade, NR...

Over the years, the over-extraction and unsustainable utilization of natural resources has started to pose a severe environmental risk, necessitating immediate action on issues related to climate change. Therefore, this study examines the relationship between natural resources rent and...

This study analyzes the impact of natural resource funds (NRF) on municipal fiscal results in Colombia, using an instrumental variable approach. It specifically analyzed the case of the Colombian Savings and Price Stabilization Fund (FAEP). The results suggest that a 1 percent increase in...

In the contemporary global landscape, understanding the nexus between financial inclusion and natural resource abundance is crucial, especially for resource-rich nations. This study uses diagnostic tests and method of moments quantile regression to examines this interplay across Australia,...

This study looks at how recycling (RCY), natural resource rents (NRR), and uncertainty in climate policy (CPU) affect material sustainability in the United States, using the material footprint (MF) as the main measure. This research uses yearly data from 1990 to 2023 and applies quantile and...

The current study extends the existing literature by exploring the moderating role of governance in the association between natural resources and economic growth. Using a large range of periods (1996-2019) of 48-Asian economies as a sample, this study employs the system GMM and FMOLS models to...

This article investigates the relationship between patterns of elite accumulation and conflict dynamics in Mozambique's natural-resource economy, with a specific focus on the gas-rich Cabo Delgado province. Utilizing the politics of anticipation and the accumulation by dispossession and...

This paper investigates the sensitivity of Genuine Savings (GS), a widely used economic indicator of sustainable development, to methodological choices in practical wealth accounting. Using a sample of 33 countries and two major international datasets (World Bank and AMECO), theoretically...

Natural resources are a strong factor in economic advancement. However, the excessive mining and consumption of natural resources lead to various environmental issues in both emerging and developed economies. Carbon emission due to the exploitation of natural resources is inevitable....

Economic super-powers are racing to control critical minerals in developing economies fueling conflict, environmental damage and poverty. In this paper, we first explore what could well constitute a new “critical minerals curse”. We then highlight the dualism of institutions required for...

In natural resource-dependent economies, global resource price volatility makes financial systems more vulnerable to economic shocks. The relationship between natural resource rent and bank stability lies in how fluctuations in resource revenues can affect financial institutions' stability. The...

The accelerated industrial growth and economic expansion of Southeast Asian economies have intensified the concern related environmental issues and natural resource depletion. Amid these circumstances, the study finds an opportunity to investigate the key enabling factors that enhance natural...

This report is about the intersection of two major crises of the 21st century-the sustainability crisis and the social exclusion and inequality crisis. The world is facing massive environmental degradation. Some of these challenges-including climate change, ecosystem collapse, and ocean...

Economic growth affects natural resources and the environment directly and indirectly; however, the exact role that natural resources play in environmental sustainability remains unknown. This paper revisits the relationship between natural resources and CO2 emissions by considering the role of...

As Asia faces the dual challenges of rapid economic expansion and mounting environmental pressures, the region's ability to balance growth with sustainability has become a focal point of global discourse. With increasing energy demands, escalating CO₂ emissions, and widening income inequality,...