| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Natural Resources, Investment and Long-Term Income | |
| Elissaios Papyrakis; Reyer Gerlagh | |
| 发表日期 | 2004 |
| 出处 | Economy and Society |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment channel. We first present empirical evidence on this channel and then develop an OverLapping-Generations (OLG) model to study the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes to knowledge creation, a feature based on endogenous growth theory. We analyze the link from resource income future income through savings and investment. Natural resources have two counteracting effects on income. In the short term, resource wealth augments income, but in the long-term, it decreases income through a crowding-out effect on capital and knowledge. We discuss different scenarios under which the resource curse is most likely to take place. |
| 特色分类 | E22,O13 |
| 关键词 | Natural resources,Growth,Investment,OLG models |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/natural-resources-investment-and-long-term-income/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117038 |
| 推荐引用方式 GB/T 7714 | Elissaios Papyrakis,Reyer Gerlagh. Natural Resources, Investment and Long-Term Income. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2004-087.pdf（431KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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