Yes, it is a Curse: politics and the adverse impact of - - PowerPoint PPT Presentation

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Yes, it is a Curse: politics and the adverse impact of - - PowerPoint PPT Presentation

Feb 04, 2024 136 likes •498 views

Department of Economics and Centre For Macroeconomics public lecture Yes, it is a Curse: politics and the adverse impact of natural-resource riches Professor Francesco Caselli Norman Sosnow Professor of Economics, Department of Economics, LSE

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Suggested hashtag for Twitter users: #LSEecon

Yes, it is a Curse: politics and the adverse impact of natural-resource riches

Department of Economics and Centre For Macroeconomics public lecture

Professor Francesco Caselli

Norman Sosnow Professor of Economics, Department of Economics, LSE Shifts in the World Economy and their Consequences Programme Leader, CFM Macro Research Programme Director, CEP

Professor John Van Reenen

Chair, LSE

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Yes, it is a Curse

Sosnow Lecture Francesco Caselli

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Horror Stories

  • Corruption
  • Autocracy
  • Civil War
  • International War

Poverty

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Across Countries

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20 40 60 80 100 Index of corruption Natural Capital as a share of GDP

Sudan Switzerland

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Within Countries

Across Regions

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$$$ ? ? ? ? ? ?

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$$$ ? ? ? ? ? ?

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$$$ ? ? ? ? ? ?

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$$$ ? ? ? ? ? ?

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$$$ ? ? ? ? ? ?

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$$$ ? ? ? ? ? ?

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$$$ ? ? ? ? ? ?

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$$$ $$$

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$$$

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  • Mun. A
  • Mun. B
  • Mun. C
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Within Countries Over Time

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Democracy Index Most Autocratic Most Democratic Change in Democracy

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Giant Oil Fields

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Within Countries Across Regions and Over Time

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Within Countries Across Neighbouring Countries

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Country B Country A More conflict

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Country B Country A More conflict More conflict

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Country B Country A

Conflict Probability

3.5% 11.5% 3%

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Country B Country A

Conflict Probability

4% 8.5% 3%

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Summing Up

  • Corruption
  • Autocracy
  • Civil War
  • International War
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The Norway Question

  • Institutions?
  • History?
  • Ethnic diversity?
  • Inequality?
  • Culture?
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Suggested hashtag for Twitter users: #LSEecon

Yes, it is a Curse: politics and the adverse impact of natural-resource riches

Department of Economics and Centre For Macroeconomics public lecture

Professor Francesco Caselli

Norman Sosnow Professor of Economics, Department of Economics, LSE Shifts in the World Economy and their Consequences Programme Leader, CFM Macro Research Programme Director, CEP

Professor John Van Reenen

Chair, LSE