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Publications
Policy Briefs

The US Fracking Boom, Oil Prices and Policy Options for Arab Oil Producers

Romesh Vaitilingam

In a Nutshell In the absence of the US fracking boom, the global price of crude oil since 2011 would have been as much as $10 per barrel higher. This effect pales ... read more


Blog & News

Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies

The Economic Research Forum (ERF) is pleased to announce the publication of its new book on: Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies, edited by Ibrahim Elbadawi ... read more


Publications
Edited Volumes

Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies

Ibrahim Elbadawi and Hoda Selim

The Economic Research Forum (ERF) is pleased to announce the publication of its new book on: Understanding and Avoiding the Oil Curse in Resource-rich Arab Economies, edited by Ibrahim Elbadawi ... read more


Publications
Working Papers

Algeria and the Natural Resource Curse: Oil Abundance and Economic Growth

Sidi Mohamed Chekouri and Abderrahim Chibi

Abstract In this paper we examine the interaction between oil-export revenue and long-run economic growth in Algeria during the period from 1979 until 2013. Our empirical analysis shows that oil ... read more


Publications
Working Papers

Oil Greasing the Wheels: When Do Natural Resources Become a Blessing?

Nisreen Salti

Abstract This paper considers theoretically and empirically natural resources' effect on growth using a two sector-model (resource and non-resource). Governments tax the non-resource sector and choose institutional quality, which determines productivity in the ... read more


Events
Conferences

Understanding and Avoiding the Oil Curse in the Arab World

Organized jointly by the Economic Research Forum and the Arab Fund for Economic and Social Development, the conference convened around 100 regional and international researchers. Bringing together renowned academics ... read more


Publications
Working Papers

Estimating the Income Counterfactual for Oil Producing Countries of The MENA Region

Mahdi Majbouri

How much richer would oil producing countries in the Middle East be if they invested all their natural resource rents? This study tries to answer this question by calculating the ... read more


Publications
Working Papers

The Impact of Economic Freedom on Entrepreneurs’ Activities and Economic Growth: New Evidence From Cross-Country Data

This paper’s purpose is to study the moderating effect of economic freedom on the relationship between entrepreneurial activities and economic growth. Accordingly, the paper’s objective is two-fold. First, it attempts ... read more


Publications
Working Papers

An Empirical Growth Model for Major Oil Exporters

Hadi Salehi Esfahani, Kamiar Mohaddes and Hashem Pesaran

This paper develops a long-run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts ... read more


Publications
Working Papers

Savings and Investment Decisions in Resource-Rich Developing Countries

Paul Collier

Many developing countries on Earth are in the throes of a double-bonanza of high prices for their natural resource exports coupled with new discoveries. Over the next decade the potential ... read more


Publications
Working Papers

The Political Economy of Petroleum Wealth in Low-Income Countries: Some Policy Alternatives

Michael Ross

Mineral wealth tends to make low-income countries less democratic and more likely to experience a civil war. Many countries also find it hard to use their natural resource revenues to ... read more


Publications
Working Papers

Has the UAE Escaped the Oil Curse?

Raimundo Soto and Ilham Haouas

The UAE is blessed with vast deposits of oil and gas. Contrary to other oil-rich economies, the UAE seems to have escaped from the so-called “oil curse”. We study how ... read more


Publications
Working Papers

Econometric Modeling of World Oil Supplies: Terminal Price and the Time to Depletion

Kamiar Mohaddes

This paper develops a novel approach by which to identify the price of oil at the time of depletion, the so-called "terminal price" of oil. It shows that while the ... read more


Publications
Working Papers

One Hundred Years of Oil Income and the Iranian Economy: A Curse or a Blessing?

Kamiar Mohaddes and Hashem Pesaran

This paper examines the impact of oil revenues on the Iranian economy over the past hundred years, spanning the period 1908--2010. It is shown that although oil has been produced ... read more


Publications
Working Papers

Resource Rents, Institutions and Violent Civil Conflicts

Ibrahim Elbadawi and Raimundo Soto

Natural resources have been blamed for inducing slow growth and sparking civil conflicts and violence. This paper first develops a model to account for the hazard of armed civil conflicts ... read more