The Experts below are selected from a list of 7371 Experts worldwide ranked by ideXlab platform
Emily Morrice - One of the best experts on this subject based on the ideXlab platform.
-
do coal related health harms constitute a Resource Curse a case study from australia s hunter valley
The Extractive Industries and Society, 2015Co-Authors: Ruth Colagiuri, Emily MorriceAbstract:Abstract The term ‘Resource Curse’ was coined to describe the phenomenon, usually associated with developing nations, that occurs when the costs and harms of extracting and exporting natural Resources outweigh the economic benefits. We argue that this applies to developed countries as well as developing countries; at the local not only national level; and that the magnitude of the associated health burden warrants the inclusion of health in Resource Curse theory and discourse. With coal mines and power plants in close proximity to human habitat and pastoral land, Australia's Hunter Valley provides a natural laboratory for exploring these issues in local coal mining communities. We identified literature from the Hunter Valley and compared the findings with the international literature on the Resource Curse using an existing framework which covered (i) socio-economic, (ii) political and (iii) ecological issues, and adding (iv) health as the fourth component. Despite some variations and knowledge deficiencies there was considerable congruence between the Hunter Valley and the Resource Curse theory. Effects reported, and mechanisms by which they are promulgated, substantively reflect many aspects of the Resource Curse literature. Further, the extent and economic impact of coal related health harms warrants the inclusion of health in Resource Curse discourse.
-
do coal related health harms constitute a Resource Curse a case study from australia s hunter valley
The Extractive Industries and Society, 2015Co-Authors: Ruth Colagiuri, Emily MorriceAbstract:Abstract The term ‘Resource Curse’ was coined to describe the phenomenon, usually associated with developing nations, that occurs when the costs and harms of extracting and exporting natural Resources outweigh the economic benefits. We argue that this applies to developed countries as well as developing countries; at the local not only national level; and that the magnitude of the associated health burden warrants the inclusion of health in Resource Curse theory and discourse. With coal mines and power plants in close proximity to human habitat and pastoral land, Australia's Hunter Valley provides a natural laboratory for exploring these issues in local coal mining communities. We identified literature from the Hunter Valley and compared the findings with the international literature on the Resource Curse using an existing framework which covered (i) socio-economic, (ii) political and (iii) ecological issues, and adding (iv) health as the fourth component. Despite some variations and knowledge deficiencies there was considerable congruence between the Hunter Valley and the Resource Curse theory. Effects reported, and mechanisms by which they are promulgated, substantively reflect many aspects of the Resource Curse literature. Further, the extent and economic impact of coal related health harms warrants the inclusion of health in Resource Curse discourse.
Steven Poelhekke - One of the best experts on this subject based on the ideXlab platform.
-
volatility and the natural Resource Curse
The Economics of Resource Rich Economies, 2015Co-Authors: F Van Der Ploeg, Steven PoelhekkeAbstract:We provide cross-country evidence that rejects the traditional interpretation of the natural Resource Curse. First, growth depends negatively on volatility of unanticipated output growth independent of initial income, investment, human capital, trade openness, natural Resource dependence, and population growth. Second, the direct positive effect of Resources on growth is swamped by the indirect negative effect through volatility. Third, with well developed financial sectors, the Resource Curse is less pronounced. Fourth, landlocked countries with ethnic tensions have higher volatility and lower growth. Fifth, restrictions on the current account raise volatility and depress growth whereas capital account restrictions lower volatility and boost growth. Our key message is thus that volatility is a quintessential feature of the Resource Curse. JEL classifications JEL codes C12 C21 C23 F43 G20 O11 O41 Q32
-
the pungent smell of red herrings subsoil assets rents volatility and the Resource Curse
The Economics of Resource Rich Economies, 2015Co-Authors: F Van Der Ploeg, Steven PoelhekkeAbstract:Abstract Brunnschweiler and Bulte (2008) [1] , [2] provide cross-country evidence that Resource Curse is a “red herring” once one corrects for endogeneity of Resource exports and allows Resource abundance to affect growth. Their results show that Resource exports are no longer significant while value of subsoil assets has a significant positive effect on growth. But the World Bank measure of subsoil assets is proportional to current rents, and thus is also endogenous. Furthermore, their results suffer from an unfortunate data mishap, omitted variables bias, weakness of instruments, violation of exclusion restrictions and misspecification error. Correcting for these issues and instrumenting Resource exports with values of proven reserves at the beginning of the sample period, there is no evidence for Resource Curse either and subsoil assets are no longer significant. However, the same evidence suggests that Resource exports or rents boost growth in stable countries, but also make especially already volatile countries more volatile and thus indirectly worsen growth prospects. Ignoring the volatility channel may lead one to erroneously conclude that there is no effect of Resources on growth.
-
the pungent smell of red herrings subsoil assets rents volatility and the Resource Curse
Journal of Environmental Economics and Management, 2010Co-Authors: Frederick Van Der Ploeg, Steven PoelhekkeAbstract:Brunnschweiler and Bulte (2008) provide cross-country evidence that the Resource Curse is a “red herring” once one corrects for endogeneity of Resource exports and allows Resource abundance affect growth. Their results show that Resource exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World Bank measure of subsoil assets is proportional to current rents, and thus also endogenous. Furthermore, their results suffer from an unfortunate data mishap, omitted variables bias, weakness of the instruments, violation of exclusion restrictions and misspecification error. Correcting for these issues and instrumenting Resource exports with values of proven reserves at the beginning of the sample period; there is no evidence for the Resource Curse either and subsoil assets are no longer significant. However, the same evidence suggests that Resource exports or rents boost growth in stable countries, but also make especially already volatile countries more volatile and thus indirectly worsen growth prospects. Ignoring the volatility channel, may lead one to erroneously conclude that there is no effect of Resources on growth.
-
volatility financial development and the natural Resource Curse
2007Co-Authors: F Van Der Ploeg, Steven PoelhekkeAbstract:Cross-country evidence is presented on Resource dependence and the link between volatility and growth. First, growth depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average investment share, initial human capital, trade openness, the national income share of natural Resource exports and population growth. Second, the adverse effect of Resources on growth operates primarily through higher volatility. The positive effect of Resources on growth is positive, but can be swamped by the indirect negative effect through volatility. Third, with well developed financial sectors, the Resource Curse is less pronounced. Fourth, landlocked countries with ethnic tensions have higher volatility and lower growth. Fifth, restrictions on the current account lead to higher volatility and lower growth, but capital account restrictions lower volatility and boost growth. These effects are especially strong in Resource-rich countries. We also present IV-estimates to correct for the endogenous nature of investment rates and panel estimates to allow for possible changes in explanatory variables over time. Our key message is that the volatility is a quintessential feature of the Resource Curse.
Benjamin K Sovacool - One of the best experts on this subject based on the ideXlab platform.
-
international political economy and renewable energy hydroelectric power and the Resource Curse
International Studies Review, 2018Co-Authors: Kathleen J Hancock, Benjamin K SovacoolAbstract:One of the most studied issues regarding the role of natural Resources in development is the so-called “Resource Curse,” the paradoxical (and contested) situation in which a state with abundant Resources has low rates of economic growth per capita, high levels of income inequality, low levels of democracy, high gender inequality, and high levels of domestic and international conflicts that surround Resources. Although the term implies all Resources, most research by political scientists as well as economists and other social scientists examines the role of oil and hard minerals, leaving out many Resources, including renewable energy Resources. We argue that many of the causal mechanisms behind the Curse, when it does manifest, hold for water-abundant states who have sufficient Resources to create large hydroelectric projects. Drawing on illustrative examples of hydroelectric projects around the world, we demonstrate sufficient, albeit preliminary, evidence that most aspects of the Resource Curse literature apply to hydroelectric projects, at least in some states, and thus suggest the Curse literature should be expanded to include water-abundance. In addition, we add a new factor, variable fuel supply, which could be an important factor for other Resources as well. We conclude with suggestions for developing a research agenda and note a number of policy implications.
-
international political economy and renewable energy hydroelectric power and the Resource Curse
Social Science Research Network, 2018Co-Authors: Kathleen J Hancock, Benjamin K SovacoolAbstract:One of the most-studied issues regarding the role of natural Resources in development is the so-called “Resource Curse”: the paradoxical (and contested) situation in which a state with abundant Resources has low rates of economic growth per capita, high levels of income inequality, low levels of democracy, high gender inequality, and high levels of domestic and international conflicts surrounding Resources. Although the term seems to imply that the Curse can apply to all Resources, most research by political scientists, as well as by economists and other social scientists, examines the role of oil and hard minerals and omits many Resources, including renewable energy Resources. We argue that many of the causal mechanisms behind the Curse, when it does manifest, hold for water-abundant states which have sufficient Resources to create large hydroelectric projects. Drawing on illustrative examples of hydroelectric projects around the world, we demonstrate sufficient, albeit preliminary, evidence that most aspects of the Resource Curse literature apply to hydroelectric projects, at least in some states, and thus suggest the Curse literature should be expanded to include water-abundance. Additionally, we add a new factor — fluctuating fuel supply — which could be an important variable for other Resources as well. We conclude with suggestions for developing a research agenda and discuss policies to reduce the negative effects of the Resource Curse.
-
the political economy of oil and gas in southeast asia heading towards the natural Resource Curse
Pacific Review, 2010Co-Authors: Benjamin K SovacoolAbstract:Abstract The notion of the Resource Curse suggests that countries with large caches of natural Resources often perform worse in terms of economic growth, social development, and good governance than other countries with fewer Resources. The theory posits that countries depending on oil or other extractive industries for their livelihood are among the most economically troubled, socially unstable, authoritarian, and conflict-ridden in the world. This article explores whether the Resource Curse is occurring in relation to oil and gas production in Southeast Asia, where investments in oil and gas infrastructure are expected to increase significantly. The article begins by conceptualizing the Resource Curse before explaining the factors believed to cause it. It then proposes metrics that can be used to identify the presence of the Resource Curse before testing these metrics on the five Southeast Asian countries with the largest rates of oil and gas production and reserves – Brunei, Indonesia, Malaysia, Myanma...
Ruth Colagiuri - One of the best experts on this subject based on the ideXlab platform.
-
do coal related health harms constitute a Resource Curse a case study from australia s hunter valley
The Extractive Industries and Society, 2015Co-Authors: Ruth Colagiuri, Emily MorriceAbstract:Abstract The term ‘Resource Curse’ was coined to describe the phenomenon, usually associated with developing nations, that occurs when the costs and harms of extracting and exporting natural Resources outweigh the economic benefits. We argue that this applies to developed countries as well as developing countries; at the local not only national level; and that the magnitude of the associated health burden warrants the inclusion of health in Resource Curse theory and discourse. With coal mines and power plants in close proximity to human habitat and pastoral land, Australia's Hunter Valley provides a natural laboratory for exploring these issues in local coal mining communities. We identified literature from the Hunter Valley and compared the findings with the international literature on the Resource Curse using an existing framework which covered (i) socio-economic, (ii) political and (iii) ecological issues, and adding (iv) health as the fourth component. Despite some variations and knowledge deficiencies there was considerable congruence between the Hunter Valley and the Resource Curse theory. Effects reported, and mechanisms by which they are promulgated, substantively reflect many aspects of the Resource Curse literature. Further, the extent and economic impact of coal related health harms warrants the inclusion of health in Resource Curse discourse.
-
do coal related health harms constitute a Resource Curse a case study from australia s hunter valley
The Extractive Industries and Society, 2015Co-Authors: Ruth Colagiuri, Emily MorriceAbstract:Abstract The term ‘Resource Curse’ was coined to describe the phenomenon, usually associated with developing nations, that occurs when the costs and harms of extracting and exporting natural Resources outweigh the economic benefits. We argue that this applies to developed countries as well as developing countries; at the local not only national level; and that the magnitude of the associated health burden warrants the inclusion of health in Resource Curse theory and discourse. With coal mines and power plants in close proximity to human habitat and pastoral land, Australia's Hunter Valley provides a natural laboratory for exploring these issues in local coal mining communities. We identified literature from the Hunter Valley and compared the findings with the international literature on the Resource Curse using an existing framework which covered (i) socio-economic, (ii) political and (iii) ecological issues, and adding (iv) health as the fourth component. Despite some variations and knowledge deficiencies there was considerable congruence between the Hunter Valley and the Resource Curse theory. Effects reported, and mechanisms by which they are promulgated, substantively reflect many aspects of the Resource Curse literature. Further, the extent and economic impact of coal related health harms warrants the inclusion of health in Resource Curse discourse.
Frederick Van Der Ploeg - One of the best experts on this subject based on the ideXlab platform.
-
the pungent smell of red herrings subsoil assets rents volatility and the Resource Curse
Journal of Environmental Economics and Management, 2010Co-Authors: Frederick Van Der Ploeg, Steven PoelhekkeAbstract:Brunnschweiler and Bulte (2008) provide cross-country evidence that the Resource Curse is a “red herring” once one corrects for endogeneity of Resource exports and allows Resource abundance affect growth. Their results show that Resource exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World Bank measure of subsoil assets is proportional to current rents, and thus also endogenous. Furthermore, their results suffer from an unfortunate data mishap, omitted variables bias, weakness of the instruments, violation of exclusion restrictions and misspecification error. Correcting for these issues and instrumenting Resource exports with values of proven reserves at the beginning of the sample period; there is no evidence for the Resource Curse either and subsoil assets are no longer significant. However, the same evidence suggests that Resource exports or rents boost growth in stable countries, but also make especially already volatile countries more volatile and thus indirectly worsen growth prospects. Ignoring the volatility channel, may lead one to erroneously conclude that there is no effect of Resources on growth.
