Papers on natural resources

On natural resources and how, if they are not well managed, they may prove to be a mixed blessing.

Principal components of institutions, diversification, and growth (with Gylfi Zoega), in Handbook on Inequality and Natural Resources, edited by Graham Davis, Edward Elgar, 2026 (forthcoming).

Petrostates in decline (with Gylfi Zoega), May 2026.

Catch-up and the curse of oil (with Gylfi Zoega), CESifo Working Paper 12448, January 2026.

Natural resources and education, In Handbook of Labor, Human Resources and Population Economics, edited by Klaus F. Zimmermann, Springer Verlag, 2025.

Diversifying and Benchmarking Madagascar (with Jean-Pascal N. Nganou), in Proceedings of the Global Economic Diversification Conference 2024, edited by Keertana Subramani, Hamid Saeed, and Fadi Salem, Springer, 2025.

Balancing natural resources and human and social capital: Pathways to economic diversification in Mongolia (with Jean-Pascal N. Nganou), Comparative Economic Studies, December 2024.

Dutch Disease, in The New Palgrave Dictionary of Economics, 3rd ed., 2018.

Political economy, Mr. Churchill, and natural resources, Mineral Economics, February 2018.

The Dutch Disease in Reverse: Iceland’s Natural Experiment (with Gylfi Zoega), in Getting Globalization Right: Sustainability and Inclusive Growth in the post Brexit Age, edited by Luigi Paganetto),Springer 2018.

From double diversification to efficiency and growth, Comparative Economic Studies, June 2017.

Double diversification with an application to Iceland (with Per Magnus Wijkman), in Economic Diversification Policies in Natural Resource Rich Economies (Ch. 11), 2017, edited by S. Mahroum and Y. Al-Saleh, Routledge.

Diversification, Dutch Disease, and Economic Growth: Options for Uganda (with Jean-Pascal N. Nganou), in Economic Diversification Policies in Natural Resource Rich Economies, 2017, edited by S. Mahroum and Y. Al-Saleh, Routledge.

Resource rents, democracy and corruption: Evidence from sub-Saharan Africa (with Rabah Arezki), Journal of African Economies, January 2013.

Resources and economic growth: Is Africa (Ghana) different?, in Policy Conference: Competitiveness & Diversification: Strategic Challenges in a Petroleum-Rich Economy, UNIDO, 2012.

Commodity price volatility, democracy and economic growth (with Rabah Arezki), in Frontiers of Economic Growth and Development, edited by Olivier de La Grandville, Emerald Group Publishing Limited, 2012.

The international economics of natural resources and growth, Minerals and Energy, June 2007.

Natural resources and economic growth: The role of investment (with Gylfi Zoega), The World Economy, August 2006.

Mother Earth: Ally or Adversary?, World Economics, January-March 2002.

Nature, power, and growth, Scottish Journal of Political Economy, November 2001.

Natural resources, education, and economic development, European Economic Review, May 2001.

Resources, agriculture, and economic growth in economies in transition, Kyklos, 4, 2000.

A mixed blessing: Natural resources and economic growth (with Tryggvi Thor Herbertsson and Gylfi Zoega), Macroeconomic Dynamics, June 1999.