منابع مشابه
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...
متن کاملThe 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...
متن کاملOptimal 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...
متن کاملThe Political Economy of the Natural Resource Curse: A Survey of Theory and Evidence
This survey focuses on political economy theories of the resource curse and scrutinizes how well, or poorly, these theories have been integrated with empirical work. One reason why this integration is important lies in the practical importance of pinning down the causal links involved in the resource curse. A second reason for focusing on integration of theory and empirics is that the resource ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Economics, Business and Management
سال: 2015
ISSN: 2301-3567
DOI: 10.7763/joebm.2015.v3.291