The Lao Economy: Capitalizing on Natural Resource Exports

Institutional Quality, Natural Resource Rent, and Shadow Economy

Natural resource rent affects countries’ economies through various channels. Revenues from the natural resources sales are expected to boost countries' economic growth, but the economic experience of recent decades reveals the numerous economic problems in these countries, the most important of which may be the increase in the shadow economy size. Moreover, the institutions specify the signific...

Factors Affecting The Non-oil Exports In Iranian Economy

The Po liti cal Economy of Natural Resource Funds

The economic case for natural resource funds is surprisingly weak. There is, however, an important po liti cal rationale for resource funds. In this chapter, we show theoretically that the importance of natural resource funds (NRFs) lies in the effects that they have on the incentives facing politi cal actors. Our theoretical analysis is supported by empirical work on institutions and expenditu...

poverty traps in natural resource based economy: case of iran

0

Optimal Regulation and Growth in a Natural-resource-based Economy*

This paper develops a two-sector model for a renewable natural resource based economy. Pareto efficient results show the optimal harvesting rate that allows for sustained long-run optimal growth, which is upper-bounded by the biological rate of reproduction. Regulation prevents from resource over-exploitation and exhaustion which arise under open access. The Ramsey policy allowing the competiti...