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The Triumph of Pareto (Does Equity Matter?)
The Triumph of Pareto (Does Equity Matter?)

... “Violation of the rights of peoples and nations to sovereignty over their natural wealth and resources is contrary to the spirit and principles of the Charter of the UN, and hinders the development of international co-operation and the maintenance of peace.” ...
Oil price shocks and the Portuguese economy since the 1970s
Oil price shocks and the Portuguese economy since the 1970s

... real output and the price level. We include IPI as a measure of industrial production because we are interested on capturing the effects of oil prices both on industrial production itself and on GDP through the production capacity usage channel. It is important to stress that the industrial sector i ...
as a PDF
as a PDF

... minerals used in industry, “construction” stands for mineral resources used for construction purposes. “Fossil fuels” refers to crude oil, coal, lignite, peat and natural gas. The accounts exclude water except for the water content of the above-mentioned materials. Material flow data were taken from ...
budapesti gazdasàgi főiskola külkereskedelmi főiskolai kar
budapesti gazdasàgi főiskola külkereskedelmi főiskolai kar

Do Oil Shocks Drive Business Cycles? - Economic Research
Do Oil Shocks Drive Business Cycles? - Economic Research

... Hamilton (2005) argued that nine out of the ten recessions that occurred between 1948 and 2001 were preceded by a rise in oil prices. Most studies, however, assume a proportional relationship between the magnitude of oil price shocks and their e¤ect on economic activity, a notion contrary to the tra ...
Optimal Natural Gas Extraction Under the Conditions of
Optimal Natural Gas Extraction Under the Conditions of

influens change in v..
influens change in v..

... total amount of petroleum resource is limited, on the basis of a statistic, it doesn’t exist newfound large oil field in recent 20 years, that’s the reason why the oil proved reserves is very hard to increase substantially; on the other hand, the oil production capacity, including the capacity of ex ...
Aniyar - category page
Aniyar - category page

... reserves did not jump as much as they did in mid 80s. They increased in the 80s, with a big jump in 86, when the Orinoco belt resources started to be included in the proven reserves, and they continued to increase moderately even when the prices fell. The changes in reserves are more related to the ...
PDF
PDF

... 2004). In order to overcome poor infrastructure, human resources and productivity, the Government of Laos is enthusiastically promoting FDI, which has become an increasingly prominent source of capital in Laos. FDI inflows in 2007 were estimated at about US$950 million, a 60% increase over the previ ...
LESQUERELLA
LESQUERELLA

... The cosmetic industry appears to be the first developed market for lesquerella oil, because the high value of these products allows a higher price to be paid as a specialty oil. As more seed becomes available, and production and processing information is more defined, other markets will follow. Ther ...
Business Cycles and Oil Price Fluctuations: Some Evidence
Business Cycles and Oil Price Fluctuations: Some Evidence

... discussed above. However, when the price falls, there will be forces working in different directions: terms of trade are improved, but the positive stimulus from this may, at least in the short run, be offset by various types of frictions and costs of reallocation between sectors. The total effect o ...
A Minimodel of External Dependence of the Central American
A Minimodel of External Dependence of the Central American

... come of other countries" (the goodness of fit of the regression coefficients is equally satisfactory). It was considered, however, that the explanatory variable "total exports of other Central American countries" in this quasi-reduced form of the equation represents not only rd ...
Should Iraq Dollarize, Adopt a Currency Board or Let Its Currency
Should Iraq Dollarize, Adopt a Currency Board or Let Its Currency

... These dollars, if they are real, also could conceivably be put into use in some way. There may be more pressing immediate needs in Iraq than deciding on a new currency and exchange rate regime. At the same time, some decisions cannot be put off for long. Steps taken to solve immediate, pressing prob ...
Middle East and North Africa Area Note
Middle East and North Africa Area Note

... protection (contracts, protection of minority shareholders, procedures concerning failures). Additionally, many economic sectors, being de facto state-owned and highly concentrated, do not favour the growth of private initiatives. The labour market is very segmented. Natives cover more than 70% of j ...
CRUDE OIL AND THE NIGERIAN ECONOMIC PERFORMANCE
CRUDE OIL AND THE NIGERIAN ECONOMIC PERFORMANCE

... The oil boom of the 1970s led Nigeria to neglect its strong agricultural and light manufacturing bases in favour of an unhealthy dependence on crude oil. In 2000 oil and gas exports accounted for more than 98 % of export earnings and about 83 % of federal government revenue. New oil wealth, the conc ...
3 – The impact of lower oil prices on the UK economy
3 – The impact of lower oil prices on the UK economy

Globalization at work BP
Globalization at work BP

... It is important to notice a negative correlation between militarization and trade. In other words, war is not always a great deal to make money, even if Iraqi crisis was an opportunity for several firms to establish and exploit the resources of the country. As a matter of fact, BP has been benefitti ...
globalization in action
globalization in action

... It is important to notice a negative correlation between militarization and trade. In other words, war is not always a great deal to make money, even if Iraqi crisis was an opportunity for several firms to establish and exploit the resources of the country. As a matter of fact, BP has been benefitti ...
Overview of the Operations Research Modeling Approach
Overview of the Operations Research Modeling Approach

... Trying to maximize payoff from land that may have oil on it The company has two options: drill or sell the land If the company drills for oil and oil exists, they expect a payoff of $700K If the company drills for oil and oil does not exist, they expect a payoff of -$100K If the company sells the la ...
Making Abundant Natural Resources Work for Developing Economies
Making Abundant Natural Resources Work for Developing Economies

... normal return on capital and production costs often bring about instability in the economy. In the absence of measures to ‘smooth out’ volatile revenue inflows generated by natural resources, taxes that accrue to the government are cyclical. The unpredictability of these cycles tends to create consi ...
as PDF - Office for National Statistics
as PDF - Office for National Statistics

Third Oil Shock - Peterson Institute for International Economics
Third Oil Shock - Peterson Institute for International Economics

HERE.
HERE.

... labor productivity which translates into rising per capita production and consumption. • creating a large number of new products and services, thereby opening up new avenues for consumption. • continuously increasing efficiencies, thereby decreasing the costs of goods & services, thus stimulating th ...
S17-kutluturk JULY 2014.qxd
S17-kutluturk JULY 2014.qxd

... less industrialized countries. Deep inequalities in wealth accumulation weaken democratic political structures (Dahl, 1971). Furthermore, inequality has been elaborated as necessary for wealth accumulation, and also it is supposed that inequality boosts individual motivation to increase wealth (Adel ...
Enhancing Effectiveness of Fiscal Policy
Enhancing Effectiveness of Fiscal Policy

... of government expenditure and tax policies to boost efficiency and improve long term economic performance by dealing with critical market failures. For instance, government provisions of infrastructure, research and development, or education among other public goods which the private sector itself i ...
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Resource curse

The resource curse, also known as the paradox of plenty, refers to the paradox that countries and regions with an abundance of natural resources, specifically point-source non-renewable resources like minerals and fuels, tend to have less economic growth and worse development outcomes than countries with fewer natural resources. This is hypothesized to happen for many different reasons, including a decline in the competitiveness of other economic sectors (caused by appreciation of the real exchange rate as resource revenues enter an economy, a phenomenon known as Dutch disease), volatility of revenues from the natural resource sector due to exposure to global commodity market swings, government mismanagement of resources, or weak, ineffectual, unstable or corrupt institutions (possibly due to the easily diverted actual or anticipated revenue stream from extractive activities). The resource curse may not be universal for all countries with an abundance of natural resources, but on average, economies with abundant natural resources have tended to grow more slowly than natural-resource-scarce economies.
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