Empirical evidence on the resource curse hypothesis in oil abundant economy
نویسندگان
چکیده
منابع مشابه
Political Economy of Resource Abundant States
Natural resource-abundance tends to undermine investment efficiency whereas a resource-poor endowment places a premium on efficiency. The type of political state provides the link between the natural resource endowment and the economic outcome. Developmental political states tend to be associated with resource-poor countries, albeit not exclusively so. Their governments pursue a coherent econom...
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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 ...
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O wning Natural resources has been beneficial for some Countries, but hurtful for some others. Optimum management of natural resources in the former group has enhanced economic growth, bad governance, however, has led to Dutch Disease in the latter group. Bad governance in Iran has created Dutch Disease, Rentier State, and Resource Curse, DRR as a characteristic triangle. As the Iran...
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The Hubris Hypothesis is grounded on a failure to adequately account for the winner’s curse, which leads to overbidding. Surprisingly few papers have attempted to develop a direct empirical test of the presence of overbidding in M&A contests. We develop two such tests in this paper. Our results strongly support the existence of overbidding. JEL classification: G34
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ژورنال
عنوان ژورنال: Economic Modelling
سال: 2014
ISSN: 0264-9993
DOI: 10.1016/j.econmod.2014.07.020