introduction: it was often believed that countries with natural resource abundance would undergo the process of development with a more accelerated pace in comparison to other countries. the experimental results, however, demonstrate a higher rate of success for countries which lack the said resources. the paradoxical effects of the possession, or a lack there of, natural resources on different...

The article studies the theoretical and practical approaches related to allocation of oil revenues for public investment. Based on two-step Engel-Granger procedure cointegration analysis, relationship between ratio capital expenditures state budget non-oil GDP logarithm real prices in Azerbaijan is investigated. It has been determined that investment highly dependent price, volatility price als...

study the effective geographical factors on formation of retire governments and their consequences for persian gulfabstractoil is the most political and most important good in today’s world economy undoubtedly. rant phenomenon and rentier governments have been a subject of great interest as a reason for rentier governments between researchers. rant can be described as an income which is earned ...

We study the spatial distribution of effect oil and gas revenues on Brazilian municipalities, using variations in international prices to establish causality. Those increase nighttime light emissions oil-producing municipalities but impose negative spillovers neighboring especially those located more than 150 kilometers from activities. The two effects cancel out at level microregions. In royal...

This paper provides model-based estimates of the value of oil in Alaska’s Arctic National Wildlife Refuge (ANWR). The best estimate of economically recoverable oil in the federal portion of ANWR is 7.06 billion barrels of oil, a quantity roughly equal to US consumption in 2005. The oil is worth $374 billion ($2005), but would cost $123 billion to extract and bring to market. The difference, $25...

Oil is one of the main inputs demanded by production, heating and transportation sectors in many developed developing countries. In countries where rate industrialization growth high, dependence on oil constantly increasing. Factors such as fact that large reserves are located certain regions world, differences extraction costs, supply demand imbalances cause prices to fluctuate.
 The macr...