Oil, Gas and Conflict: A Mathematical Model for the Resource Curse

Oil, Gas and Conflict: A Mathematical Model for the Resource Curse

Oil and natural gas are highly valuable natural resources, but many countries with large untapped reserves suffer from poor economic and social-welfare performance. This conundrum is known as the resource curse. The resource curse is a result of poor governance and wealth distribution structures that allow the elite to monopolize resources for self-gain. When rival social groups compete for nat...

A mathematical model for the multi-mode resource investment problem

This paper presents an exact model for the resource investment problem with generalized precedence relations in which the minimum or maximum time lags between a pair of activities may vary depending on the chosen modes. All resources considered are renewable. The objective is to determine a mode and a start time for each activity so that all constraints are obeyed and the resource investment co...

PRELUDE TO THE RESOURCE CURSE: OIL AND GAS DEVELOPMENT STRATEGIES IN CENTRAL ASIA AND BEYOND By

Rentier peace or resource curse? The ambiguous effects of oil wealth and oil dependency on violent conflict

The 'paradox of plenty' and the 'resource curse' hypotheses claim that abundance in natural resources, particularly oil, encourages civil war through a number of causal mechanisms. Natural resources provide both motive and opportunity for conflict, rent seeking slows down growth and renders state institutions weak thus creating indirect causes of violent conflict. Contrarily, the theory of the ...

Optimization and optimal control in economics: the resource curse and oil extraction model cases