Conclusions: Resource Abundance, Growth Collapses, and Policy

Author(s):  
Richard M. Auty
Keyword(s):  
2011 ◽  
pp. 66-77
Author(s):  
O. Vasilieva

Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.


2007 ◽  
pp. 4-27 ◽  
Author(s):  
V. Polterovich ◽  
V. Popov ◽  
A. Tonis

This paper compares various mechanisms of resource curse leading to a potentially inefficient use of resources; it is demonstrated that each of these mechanisms is associated with market imperfections and can be "corrected" with appropriate government policies. Empirical evidence seems to suggest that resource abundant countries have on average lower budget deficits and inflation, and higher foreign exchange reserves. Besides, lower domestic fuel prices that are typical for resource rich countries have a positive effect on long-term growth even though they are associated with losses resulting from higher energy consumption. On top of that resource abundance allows to reduce income inequalities. So, on the one hand, resource wealth turns out to be conducive to growth, especially in countries with strong institutions. However, on the other hand, resource abundance leads to corruption of institutions and to overvalued real exchange rates. On balance, there is no solid evidence that resource abundant countries grow more slowly than the others, but there is evidence that they grow more slowly than could have grown with the right policies and institutions.


2012 ◽  
Vol 27 (4) ◽  
pp. 319-325 ◽  
Author(s):  
Franklin Obeng-Odoom

This Viewpoint article draws on the doctrine of eminent domain (or compulsory purchase) as an analytical framework to analyse the regional and local impacts of a new source of oil. Sekondi-Takoradi, an oil city located in Ghana, West Africa, is used as a case study to explore the differentiated experiences of local people. The article shows that, although there are complex distributional issues that require different levels of compensation and betterment to be assessed and paid for, it is unlikely that they will, in fact, even be considered.


2002 ◽  
Vol 80 (6) ◽  
pp. 1026-1037 ◽  
Author(s):  
Rebecca J Harris ◽  
J Michael Reed

To understand local and regional changes in Neotropical migrant songbird populations it is important to determine whether forest-breeders can use and persist in the dynamic, variegated landscapes created by modern forestry practices. We made detailed observations of a species classified as a mature-forest specialist, the black-throated blue warbler (Dendroica caerulescens), adjacent to clearcut edges and in intact forest in a large industrial forest landscape. We measured reproductive success, habitat use, resource abundance, the potential for inter- and intra-specific competition, and predator densities. Unlike most studies of edge effects, our study showed both positive and negative impacts of associations with edges. We recorded a lower density of potential avian competitors within intact forest, as well as a higher proportion of older male black-throated blue warblers at interior forest sites. In addition, proportionally more fledglings were observed in intact forest. However, males at edge sites had higher pairing success and edges had higher understory density (which is positively associated with reproductive success in other studies), evidence of higher abundance of their primary food source and lower densities of diurnal egg and nestling predators. The net result of these mixed patterns is that males gaining a territory at edge or interior sites appeared to have similar probabilities of producing fledglings.


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