Accompanied by an original and informative introduction by the editors, this volume brings together scholarly contributions on the problems and benefits of an economy rich in natural resources. After a brief look at some historical aspects of the subject, the book explores the concept known as the 'Dutch Disease' and offers empirical and theoretical insights into the effects of rich natural resources on economic growth. Further topics are the political economy of natural resources, issues of conflict and natural resources and an investigation into a variety of policies and strategies for managing the revenue from natural resources.
Contents: Introduction Frederick van der Ploeg and Anthony J. Venables PART I NATURAL RESOURCES IN HISTORY 1. Paul A. David and Gavin Wright (1997), 'Increasing Returns and the Genesis of American Resource Abundance' 2. Gary D. Libecap (1978), 'Economic Variables and the Development of the Law: The Case of Western Mineral Rights' 3. Christopher Blattman, Jason Hwang and Jeffrey G. Williamson (2007), 'Winners and Losers in the Commodity Lottery: The Impact of Terms of Trade Growth and Volatility in the Periphery 1870 - 1939' PART II DUTCH DISEASE 4. W. Max Corden and J. Peter Neary (1982), 'Booming Sector and De-Industrialisation in a Small Open Economy' 5. Peter Neary (1988), 'Determinants of the Equilibrium Real Exchange Rate' 6. R.K. Eastwood and A.J. Venables (1982), 'The Macroeconomic Implications of a Resource Discovery in an Open Economy' 7. Sweder van Wijnbergen (1984), 'The "Dutch Disease": A Disease After All?' 8. Frederick van der Ploeg and Anthony J. Venables (2013), 'Absorbing a Windfall of Foreign Exchange: Dutch Disease Dynamics' PART III RESOURCES AND ECONOMIC GROWTH 9. Jeffrey D. Sachs and Andrew M. Warner (2001), 'The Curse of Natural Resources' 10. Paul Collier and Benedikt Goderis (2012), 'Commodity Prices and Growth: An Empirical Investigation' 11. Halvor Mehlum, Karl Moene and Ragnar Torvik (2006), 'Institutions and the Resource Curse' 12. Anne D. Boschini, Jan Pettersson and Jesper Roine (2007), 'Resource Curse or Not: A Question of Appropriability' 13. Frederick van der Ploeg and Steven Poelhekke (2009), 'Volatility and the Natural Resource Curse' 14. Benedikt Goderis and Samuel W. Malone (2011), 'Natural Resource Booms and Inequality: Theory and Evidence' 15. Pedro C. Vicente (2010), 'Does Oil Corrupt? Evidence from a Natural Experiment in West Africa' 16. Fernando M. Aragon and Juan Pablo Rud (2013), 'Natural Resources and Local Communities: Evidence from a Peruvian Gold Mine' PART IV POLITICAL ECONOMY OF NATURAL RESOURCES 17. Jorgen Juel Andersen and Silje Aslaksen (2008), 'Constitutions and the Resource Curse' 18. Jean-Marie Baland and Patrick Francois (2000), 'Rent-seeking and Resource Booms' 19. Erwin H. Bulte, Richard Damania and Robert T. Deacon (2005), 'Resource Intensity, Institutions, and Development' 20. Roland Hodler (2006), 'The Curse of Natural Resources in Fractionalized Countries' 21. James A. Robinson, Ragnar Torvik and Thierry Verdier (2006), 'Political Foundations of the Resource Curse' 22. Aaron Tornell and Philip R. Lane (1999), 'The Voracity Effect' 23. Ragnar Torvik (2002), 'Natural Resources, Rent Seeking and Welfare' 24. Francesco Caselli and Tom Cunningham (2009), 'Leader Behaviour and the Natural Resource Curse' PART V CONFLICT AND NATURAL RESOURCES 25. Paul Collier and Anke Hoeffler (2004), 'Greed and Grievance in Civil War' 26. James D. Fearon (2005), 'Primary Commodity Exports and Civil War' 27. Joshua D. Angrist and Adriana D. Kugler (2008), 'Rural Windfall or a New Resource Curse? Coca, Income, and Civil Conflict in Colombia' 28. Ernesto Dal Bo and Pedro Dal Bo (2011), 'Workers, Warriors, and Criminals: Social Conflict in General Equilibrium' 29. Oeindrila Dube and Juan F. Vargas (2013), 'Commodity Price Shocks and Civil Conflict: Evidence from Colombia' 30. Frederick van der Ploeg and Dominic Rohner (2012), 'War and Natural Resource Exploitation' PART VI RESOURCE REVENUE MANAGEMENT 31. John M. Hartwick (1977), 'Intergenerational Equity and the Investing of Rents from Exhaustible Resources' 32. Avinash Dixit, Peter Hammond and Michael Hoel (1980), 'On Hartwick's Rule for Regular Maximin Paths of Capital Accumulation and Resource Depletion' 33. Kenneth J. Arrow, Partha Dasgupta and Karl-Goran Maler (2003), 'The Genuine Savings Criterion and the Value of Population' 34. J.A Sefton and M.R. Weale (2006), 'The Concept of Income in a General Equilibrium' 35. Frederick van der Ploeg and Anthony J. Venables (2011), 'Harnessing Windfall Revenues: Optimal Policies for Resource-Rich Developing Economies' 36. Ton S. van den Bremer and Frederick van der Ploeg (2013), 'Managing and Harnessing Volatile Oil Windfalls' 37. Frederick van der Ploeg (2010), 'Voracious Transformation of a Common Natural Resource into Productive Capital' Index
