Natural resource wealth and crime: The role of international price shocks and public policy

2021 ◽  
Vol 110 ◽  
pp. 102527
Author(s):  
Sebastian Axbard ◽  
Anja Benshaul-Tolonen ◽  
Jonas Poulsen
Keyword(s):  
Public Policy ◽  
Natural Resource ◽  
Price Shocks ◽  
Resource Wealth ◽  
International Price ◽  
Natural Resource Wealth

Resource Wealth as Leverage: Natural Resources and the Failure of Non-Violent Campaigns

2019 ◽  
Vol 56 (1) ◽  
pp. 102-120 ◽  
Author(s):  
Mustafa Kirisci ◽  
Emirhan Demirhan
Keyword(s):  
Natural Resources ◽  
Group Dynamics ◽  
Natural Resource ◽  
Political Movements ◽  
Growing Body ◽  
Resource Wealth ◽  
Target States ◽  
External Actors ◽  
Natural Resource Wealth

AbstractWhile the growing body of research on non-violent political movements centres on the idea that choosing non-violence tends to produce more favourable outcomes for dissidents, the question of why some non-violent campaigns still fail has not been sufficiently empirically investigated. Building on the extant research on the effects of group dynamics and certain external actors, we examine the role of the natural resource wealth of target states on the outcomes of non-violent campaigns. We hypothesize that the probability that a non-violent movement will fail increases as the target state's natural resource wealth increases. This natural resource wealth could serve to neutralize the potential for support from both domestic and external actors, thereby increasing the risk of failure. The results of our statistical analyses support our hypothesis and suggest that non-violent campaigns are more likely to fail in states with higher natural resource wealth, particularly that which stems from oil.

scholarly journals A meta-analysis of natural resources and conflict

2019 ◽  
Vol 6 (1) ◽  
pp. 205316801881823 ◽  
Author(s):  
William O’Brochta
Keyword(s):  
Natural Resources ◽  
Natural Resource ◽  
Meta Analysis ◽  
Civil Conflict ◽  
Future Research ◽  
Aggregate Effect ◽  
Resource Wealth ◽  
Natural Resource Wealth ◽  
The Relationship ◽  
Variable Measurement

The relationship between natural resource wealth and civil conflict remains unclear, despite prolonged scholarly attention. Conducting a meta-analysis—a quantitative literature review—can help synthesize this broad and disparate field to provide clearer directions for future research. Meta-analysis tools determine both the aggregate effect of natural resources on conflict and whether any particular ways in which variables are measured systematically bias the estimated effect. I conduct a meta-analysis using sixty-nine studies from sixty-two authors. I find that there is no aggregate relationship between natural resources and conflict. Most variation in variable measurement does not alter the estimated effect. However, measuring natural resource wealth using Primary Commodity Exports and including controls for mountainous terrain and ethnic fractionalization all do significantly impact the results. These findings suggest that it may be worth exploring more nuanced connections between natural resources and conflict instead of continuing to study the overall relationship.

Nigerian Governance Challenge: Exploring the Role of Natural Resource Rents

2020 ◽  
Vol 12 (3) ◽  
pp. 335-358
Author(s):  
Fisayo Fagbemi ◽  
Grace Omowumi Adeoye
Keyword(s):  
Natural Resource ◽  
Good Governance ◽  
Political Commitment ◽  
Causality Test ◽  
Resource Rents ◽  
Long Run ◽  
Short Run ◽  
Resource Wealth ◽  
Natural Resource Rents ◽  
Natural Resource Wealth

Nigeria is a glaring example of a country where weak public institutions are pervasive in spite of its huge natural resource wealth. The presence of natural resource abundance has exacerbated the overwhelming development challenge in the economy. While the upshot of most empirical findings of the resource impact covers how the growth path is determined through the channel of institutions, the question as to why resource rents often fail to stimulate improved governance is more critical than ever. Hence, the study examines the effect of natural resource rents on the quality of governance in Nigeria for the period 1984–2017, using ARDL bounds test approach, Dynamic Least Squares (DOLS), and Granger Causality test based on Vector Error Correction Model (VECM). Results reveal that natural resource rents have an insignificant effect on governance indicators in the long-run as well in the short-run, suggesting that natural resource windfalls have a shallow effect on the development of good governance. However, further evidence indicates that pervasive institutional gaps in Nigeria could be stimulated or caused by the overdependence on natural resource rents and entrenched mismanagement tendencies. Thus, the study suggests that maintaining strong political commitment, curtailing overdependence on natural resources, and ensuring sound management of natural resource wealth are central for improved governance.

Political Risk, Reputation, and the Resource Curse

2011 ◽  
Vol 44 (6) ◽  
pp. 662-688 ◽  
Author(s):  
Nathan M. Jensen ◽  
Noel P. Johnston
Keyword(s):  
Natural Resource ◽  
Insurance Industry ◽  
Resource Curse ◽  
Political Risk ◽  
Positive Association ◽  
The Political ◽  
Data Set ◽  
Resource Wealth ◽  
Risk Insurance ◽  
Natural Resource Wealth

There is a growing literature on how natural resources affect both economic performance and political regimes. In this article the authors add to this literature by focusing on how natural resource wealth affects the incentives of governments to uphold contracts with foreign investors across all sectors. They argue that although all states suffer reputation costs from reneging on contracts, governments in natural-resource-dependent economies are less sensitive to these costs, leading to a greater probability of expropriation and contract disputes. Specifically, leaders weigh the benefits of reneging on contracts with investors against the reputation costs of openly violating agreements with firms. The authors’ theoretical model predicts a positive association between resource wealth and expropriation. Using a data set from the political risk insurance industry, the authors show that resource dependent economies have much higher levels of political risk.

The China Investment Corporation

2017 ◽  
Author(s):  
Christopher Balding ◽  
Kevin Chastagner
Keyword(s):  
Exchange Rate ◽  
Foreign Exchange ◽  
Current Account ◽  
Natural Resource ◽  
Bank Of China ◽  
State Administration ◽  
The World ◽  
Resource Wealth ◽  
Natural Resource Wealth ◽  
Do So

China’s sovereign wealth fund (SWF), the China Investment Corporation (CIC), was established in 2007 and has grown to become the fourth largest SWF in the world with assets and offices spanning the globe. This chapter looks at the range of unique factors that need to be understood in order to place the CIC in context. When China decided to form its own SWF, it decided to do so by borrowing from the central bank in a complicated swap transaction in order to highlight the CIC’s independence from existing entities like the People’s Bank of China and the State Administration of Foreign Exchange. While most SWFs grow from an excess of natural resource wealth, the Chinese SWF is unique in that it grew out of years of current account surpluses accumulated from ensuring a fixed exchange rate. The chapter discusses the macroeconomic interplay between China and the CIC.

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