Natural Resources and Sub-National Economic Performance: Do Economic or Political Institutions Matter?

2011 ◽  
Author(s):  
Alexander Libman
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):  
Terence Hogarth ◽  
Lynn Gambin

Debates about the need to increase investments in education and training in order to improve overall national economic performance quickly result in deliberations about who should pay for those investments. If it is the individual or the employer who are the principal beneficiaries, then there is an expectation that they should share the cost of the investment proportionate to the benefit they obtain. There are, however, a number of barriers which prevent employers and individuals making optimum levels of investment which inevitably means that the State needs to step into the breach. This chapter addresses what economics has to say about who should make the investment in training and how various barriers to those investments being made can be overcome.


2013 ◽  
Vol 45 (2) ◽  
pp. 253-285 ◽  
Author(s):  
Siddharth Chandra ◽  
Nita Rudra

This analysis challenges claims that regime type determines national economic performance, and hypothesizes that the level of public deliberation, rather than broad categories of regime type, is the driver of national economic performance across political systems; specifically, that negotiations, disagreements, and compromises between decentralized decision-making partisans (e.g., citizens, business representatives, professional associations, labor, and public administrators) are the underlying causal mechanism explaining the non-monotonic relationship between different types of political system and economic performance. Countries with high levels of public deliberation more often experience stable growth outcomes, while other countries can make radical changes in economic policy with uncertain outcome. The variation in public deliberation within regime type is significant, especially amongst authoritarian regimes. One startling implication is that, in certain situations, impressive gains in economic growth can be achieved only at the expense of active negotiation and participation in the policy-making process.


2000 ◽  
Vol 23 ◽  
pp. 125-146 ◽  
Author(s):  
Işık Özel

The typical view of the Turkish economy in the 1930s generally has been that it not only performed well while coping with the hardship brought about by the Great Depression, but that it also received a big boost from the state's industrialization program. This usually has been characterized as the success of the economic policies implemented by the new republic in the 1930s. These policies have been considered successful because the young republic not only recovered from the wounds it suffered during the turbulent transition period from the Ottoman Empire, but it also began to realize considerably higher growth rates-mainly in industry, but also across the national economic spectrum.


2020 ◽  
Vol 21 (2) ◽  
pp. 116-130
Author(s):  
Gowsia Bashir ◽  
Mubashir Majih Bada

Much of the research conducted in India in the area of entrepreneurship considers the relation between entrepreneurship and economic performance. However, the latest business strategy that has shown tremendous development in business arena has been ignored altogether. The present paper provides a theoretical framework of the relationship between franchising business and national economic performance. The main aim of this paper is to present the capabilities of applying the concept of franchising in the development of entrepreneurship in SME sector so as to trigger-economic performance. This article argues that there is a need to treat franchising not just a mere business expansion option but a powerful SME development strategy that has a capability to change the economic fate of the country like entrepreneurship does. The first part deals with some aspects of the recent economics literature on the relationship between entrepreneurship, small business, and economic growth. The second part a conceptual framework presents the links between franchising and economic growth at different levels of aggregation. In particular, it gives a summary of some research works across the world.


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