Natural Resources and Sovereign Expropriation

Tourism And Natural Resources

Ethics and Participation in Natural Resources Protection

Background: Public participation in decisions regarding natural resources is the easiest way to ‎preserve these resources. It seems that having human of conservation ethics of natural resources, ‎has affect on their participation in the preservation of natural resources. This survey research was ‎done to investigate the relationship between conservation ethics of natural resources and ‎particip...

tourism and natural resources

Expropriation risk and technology

This paper develops a unified framework to analyze the dynamics of firm investment in countries with poor legal enforcement. The firm’s technology edge over the government generates endogenous property rights. Industry variation in the technology gap predicts a sectoral pecking-order of expropriations. Long-run investment distortions may be Pareto superior relative to persistent investment at t...

Expropriation Dynamics

Many emerging market economies oscillate between periods of high and low growth (see Aguiar and Gopinath, 2007). These changes in growth regimes generate business cycles that are markedly different from the ones observed in developed countries: consumption and investment are volatile relative to output, and net exports are strongly counter-cyclical. This volatility is often accompanied by sharp...