Natural Resources

More from the Series

Blog Post

Guyana’s Oil Boom: 2 Steps Down, 4 to Go

March 27, 2019
ExxonMobil announced the discovery of two more massive oil fields off the coast of Guyana last month. If back-of-the-envelope estimates of around $5 billion of oil revenue per year are correct, that equates to around $6,410 USD per person—far more than the current GDP per c...
Blog Post

How Can Countries Escape the Natural Resource Curse? Answer: Democracy

February 07, 2019
How can countries escape the natural resource curse? And to what extent do cohesive and democratic institutions facilitate this process? In a new CGD working paper, we look at Nigeria—often seen as the prime example of a country cursed by its wealth. We show that when political institutio...
WORKING PAPER

Cohesive Institutions and Political Violence - Working Paper 503

February 07, 2019
Can institutionalized transfers of resource rents be a source of civil conflict? Are cohesive institutions better at managing conflicts over distribution? We exploit exogenous variation in revenue disbursements to local governments and use new data on local democratic institutions in Nigeria to answ...