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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
The Resource Curse And Peru: A Potential Threat For The Future?, Sergio Cruz
The Resource Curse And Peru: A Potential Threat For The Future?, Sergio Cruz
Master's Theses
What explains the ability of some countries to successfully use their natural resources towards development and economic growth while for others stagnation and impoverishment? The resource curse theory has helped economists explain this observation. This work examines how Peru has been able to produce strong economic growth in the last 20 years despite the economy’s strong dependence on its natural resource extractive industry. Peru has been able to avoid many of the pitfalls and traps that resource curse literature considers to be detrimental to economic growth. This article examines the resource based economies of four other countries (Venezuela, Chile, Nigeria, …
Middle Class Political Competition And Economic Growth, Jorge A. Enriquez Murillo
Middle Class Political Competition And Economic Growth, Jorge A. Enriquez Murillo
Honors Theses
Middle class individuals play a fundamental role in countries’ political and economic spheres. Their political demands for a fair tax system and public goods provisions enhance positive economic performance and development. A large share of income held by the middle class, according to Easterly (2001), is positively related to economic growth and political stability. Similarly, Alesina and Rodrik (1994) –among other political economic studies- highlight that a well-endowed median voter population influences the implementation of growth-enhancing economic policies. This study examines the interplay between political competition and a politically active middle-class and its subsequent effect on economic growth. The dependant …
Why China Grew: Understanding The Financial Structure Of Late Development, Adam S. Hersh
Why China Grew: Understanding The Financial Structure Of Late Development, Adam S. Hersh
Open Access Dissertations
This dissertation explores how economic institutions governing finance and investment have con- tributed to growth in reform-era China. Economic and political reforms greatly transformed China's prior centrally-planned economy. Although reforms incorporated elements of market institutions and private enterprise, China's state institutions exercising extensive authority over a wide range of eco- nomic affairs critically and fundamentally played a central role in transforming this economy from one of the world's poorest to the world's second largest in the span of one generation. I explain the emergence of a unique configuration of institutions supportive of industrial policy implemented by largely autonomous local government …
A Natural Resource Curse: Does It Exist Within The United States?, Bryce Gerard
A Natural Resource Curse: Does It Exist Within The United States?, Bryce Gerard
CMC Senior Theses
In this paper, we examine data on U.S. GDP/Capita and natural resource share of GDP by state. We then run growth regressions and build on a previous model of dynamic equations to account for the spatial equilibrium that exists between U.S. states. Our results show that there exists evidence that overinvestment in oil and mining sectors has negative effects on state TFP growth, thus giving positive evidence for the existence of a natural resource curse between U.S. states.