This note provides formal derivations of claims made in “The Political Economy of Natural Resource Funds” (Chapter 8 of Escaping the Resource Curse, New York: Columbia University Press). We provide a two period model in in which two individuals take turns in dividing a non-renewable asset. The problem is analogous to that facing countries endowed with a natural resource or other fund. Insecurit...

This article reviews the recent literature on developmental effects of resource abundance, assessing likely and channels with respect to key development outcomes. To date, this area has received less analysis, although it is relevant United Nations’ Sustainable Development Goals agenda, as a significant number world's poor live in African resource-rich economies. We argue that presence natural ...

Natural resources play a significant role in the development of global economy. This refers, particular, to strategic fuel and mineral resources. Due limited supply natural lack substitutes for most key world, competition access is feature It would seem that countries which are rich resources, because this huge demand, enjoy spectacular economic prosperity. However, results empirical studies ha...

Abstract This study utilized instrumental variable techniques and the Driscoll-Kraay estimator to examine effect of democracy natural resources on income inequality using a comprehensive panel dataset from 43 sub-Saharan Africa (SSA). The findings our empirical analysis indicated that indices such as electoral, liberal, participatory, deliberative, egalitarian drive in SSA. Regional comparative...