Download e-book for kindle: Analyse (Cours de mathematiques) (French Edition) by Jean Marie Arnaudies

By Jean Marie Arnaudies

ISBN-10: 2040165010

ISBN-13: 9782040165017

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6 Others argue that economic growth is impeded by the impact of natural resource dependence on measures of corruption (Leite and Weidmann 1999). It has been pointed out that natural resources might bear negative effects via education (Gylfason 2001), via inequality (Gylfason and Zoega 2002), 28 S. ACAR via crowding out of investment (Gylfason and Zoega 2006), via rent-seeking and policy failures (Gylfason 2000), and via the internal struggle for ownership (Hodler 2006; Caselli 2006). Political institutions are also determinative on the performance of an economy that is subject to resource wealth.

Some emphasize that economic growth is influenced by the distribution of rents, and markets should be the main channel through which these rents are recycled as opposed to patronage or a strict authority (Auty 1990, 2001, 2007, 2009). It was Krueger (1974) who introduced the concept of rent-seeking to compare the welfare effects of the direct imposition of import tariffs and those of competitive rent-seeking in order to receive import licenses. As exemplified in Krueger’s political economy framework, rents might arise due to intensive lobbying, bribery, high monopoly power, and so on, mostly as a result of unproductive activities.

2 Proven oil reserves history (thousand million barrels) Source: BP historical data Note: Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil The heterogeneous distribution of oil reserves among the world’s geographical regions and large economic organizations continues to trigger serious political and economic conflict. 2 substantiates that the bulk of the world oil reserves are situated in OPEC countries, with a strongly increasing trend until the end of the 1980s and slightly increasing trend thereafter.

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Analyse (Cours de mathematiques) (French Edition) by Jean Marie Arnaudies


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