Volatility in natural resources prices and economic performance: Evidence from BRICS economies

2022 ◽  
Vol 75 ◽  
pp. 102472
Author(s):  
Jun Wen ◽  
Nafeesa Mughal ◽  
Maryam Kashif ◽  
Vipin Jain ◽  
Carlos Samuel Ramos Meza ◽  
...  
2016 ◽  
Vol 30 (1) ◽  
pp. 161-184 ◽  
Author(s):  
Anthony J. Venables

Developing economies have found it hard to use natural resource wealth to improve their economic performance. Utilizing resource endowments is a multistage economic and political problem that requires private investment to discover and extract the resource, fiscal regimes to capture revenue, judicious spending and investment decisions, and policies to manage volatility and mitigate adverse impacts on the rest of the economy. Experience is mixed, with some successes (such as Botswana and Malaysia) and more failures. This paper reviews the challenges that are faced in successfully managing resource wealth, the evidence on country performance, and the reasons for disappointing results.


Author(s):  
Joanna Buckley ◽  
Neil McCulloch ◽  
Nicholas Travis

Donor interest in the natural resources extractives sector is based upon the premise that it represents an opportunity to improve a country’s development prospects. However, in many cases the presence of extractive resources is associated with poor economic performance. As a result, some donors are trying a radically different approach. This chapter explores one such programme funded by the UK Department for International Development: the Facility for Oil Sector Transparency and Reform in Nigeria. The chapter outlines five lessons learned from this example. First, continual analysis is essential to understand the underlying incentives of key actors. Second, interventions need to be locally led in order to provide legitimacy for reform. Third, interventions need to be flexible and adaptive. Fourth, acceptance of an element of risk is necessary. Fifth, donors need to develop a new way of measuring impact.


Dragonomics ◽  
2020 ◽  
pp. 153-190
Author(s):  
Carol Wise

This chapter details the incorporation of Argentina and Brazil into China’s internationalized development strategy as its demand for natural resources skyrocketed. In doing so, it considers the effects of institutional weakness and natural resource abundance on economic performance and the ways effective institutions deteriorate during a commodity boom. It proceeds in three sections: the first analyzing the rise of China in Argentina and Brazil post-2000, the second reviewing the developmentalist model both countries implemented during that time, and the third analyzing the resulting institutional erosion.


2021 ◽  
Vol 74 ◽  
pp. 102338
Author(s):  
Qiang Ma ◽  
Mei Zhang ◽  
Sher Ali ◽  
Dervis Kirikkaleli ◽  
Zeeshan Khan

2014 ◽  
Vol 1 (1) ◽  
pp. 39-58 ◽  
Author(s):  
Omar Al-Ubaydli ◽  
Kevin McCabe ◽  
Peter Twieg

AbstractSeveral scholars have argued that abundant natural resources can be harmful to economic performance under bad institutions and helpful when institutions are good. These arguments have either been theoretical or based on naturally occurring variation in natural resource wealth. We test this theory by using a laboratory experiment to reap the benefits of randomized control. We conduct this experiment in a virtual world (Second Life™) to make institutions more visceral. We find support for the theory.


2022 ◽  
Vol 75 ◽  
pp. 102510
Author(s):  
Qiang Ma ◽  
Grzegorz Mentel ◽  
Xin Zhao ◽  
Raufhon Salahodjaev ◽  
Zebo Kuldasheva

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