|
|
|
|
|
| Duncan, Roderick. |
| Expropriations of foreign direct investment in developing countries are typically blamed on political and economic crises in those countries. Developing a new database of expropriations in the minerals sectors of developing country exporters, I show that expropriations were correlated with mineral price booms and that democratic governments were more likely to expropriate. No link is found between expropriations and political or economic crises, except at independence. A better explanation of expropriation would be opportunistic behaviour by host governments when profits of investments are high. In two developed countries, Australia and Canada, expropriations are also found to occur during price booms. |
| Tipo: Journal Article |
Palavras-chave: Expropriation; Foreign direct investment; Natural resources; Resource /Energy Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/116859 |
| |
|
|
| Duncan, Roderick. |
| Modelling global climate changes without taking account of the changes in resource markets can produce climate policy with perverse consequences. In even the simplest economic model of emissions of greenhouse gases, naïve policies that ignore markets can lead to perverse outcomes- the opposite of that intended by the policymakers-such as accelerating global warming. Yet the global climate models that are commonly used to develop climate policy do not adequately model resource markets. As a consequence, we need to develop better models of resource markets within our global climate models. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/10383 |
| |
|
|
|
