The Impact of Easy Rents

Economic Growth under the Influence of Resources, Aid and Remittances

Business & Finance, Finance & Investing, Finance
Cover of the book The Impact of Easy Rents by Cornelius Frhr. v. Lepel, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Cornelius Frhr. v. Lepel ISBN: 9783640638420
Publisher: GRIN Publishing Publication: June 7, 2010
Imprint: GRIN Publishing Language: English
Author: Cornelius Frhr. v. Lepel
ISBN: 9783640638420
Publisher: GRIN Publishing
Publication: June 7, 2010
Imprint: GRIN Publishing
Language: English

Diploma Thesis from the year 2007 in the subject Economics - Finance, grade: 1,7, Helmut Schmidt University - University of the Federal Armed Forces Hamburg (Professur für Volkswirtschaftslehre, insb. Finanzwissenschaft), language: English, abstract: This paper addresses a ma jor paradox of the economic world, the seemingly negative impact of wealth in form of natural resources and development aid on growth. In the last 50 years a striking discrepancy in the economic performance of countries blessed by massive windfall gains became obvious. Robust empirical evidence was produced showing an inverse relation of both natural resources and development aid on economic growth. Regressions involving migrant's remittances did also yield ambiguous results under certain conditions. I try to embrace all windfall gains under the notion of 'Easy Rents', characterised by easy generation of, easy access to and easy control over the abundant monetary assets. The influence of the rents is proposed to work through biased price distortions, induced by sectoral competition, rent-seeking and \bad' economic policy, creating unfavourable conditions for the growth-driving tradables sector. The conducted research and empirical testing indicates the appreciation of relative prices caused by political and economic disturbance. Following the results, a strong tendency of 'Easy Rents' to exert deteriorating influence on a economy seems to be in place.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Diploma Thesis from the year 2007 in the subject Economics - Finance, grade: 1,7, Helmut Schmidt University - University of the Federal Armed Forces Hamburg (Professur für Volkswirtschaftslehre, insb. Finanzwissenschaft), language: English, abstract: This paper addresses a ma jor paradox of the economic world, the seemingly negative impact of wealth in form of natural resources and development aid on growth. In the last 50 years a striking discrepancy in the economic performance of countries blessed by massive windfall gains became obvious. Robust empirical evidence was produced showing an inverse relation of both natural resources and development aid on economic growth. Regressions involving migrant's remittances did also yield ambiguous results under certain conditions. I try to embrace all windfall gains under the notion of 'Easy Rents', characterised by easy generation of, easy access to and easy control over the abundant monetary assets. The influence of the rents is proposed to work through biased price distortions, induced by sectoral competition, rent-seeking and \bad' economic policy, creating unfavourable conditions for the growth-driving tradables sector. The conducted research and empirical testing indicates the appreciation of relative prices caused by political and economic disturbance. Following the results, a strong tendency of 'Easy Rents' to exert deteriorating influence on a economy seems to be in place.

More books from GRIN Publishing

Cover of the book The (Mis?)-Representation of Women in Shakespeare's Comedies by Cornelius Frhr. v. Lepel
Cover of the book Statistical Process Control by Cornelius Frhr. v. Lepel
Cover of the book How To Gain Trust From Employees by Cornelius Frhr. v. Lepel
Cover of the book Aspects of Structure, Narration and Symbolism in Virginia Woolf's To the Lighthouse by Cornelius Frhr. v. Lepel
Cover of the book Gender Expectations and Power Constellations in Robert Browning's 'My Last Duchess' by Cornelius Frhr. v. Lepel
Cover of the book Labour standards and the WTO: Counter-hegemonic struggle against Neoliberalism? by Cornelius Frhr. v. Lepel
Cover of the book Love and dramatic genre - Approaches to the topic of love in three Shakespearean plays by Cornelius Frhr. v. Lepel
Cover of the book Translation problems in reference to thought and reality by Cornelius Frhr. v. Lepel
Cover of the book Breaking the Deadlock? Why Unilateral Disengagement Cannot Equal Peace by Cornelius Frhr. v. Lepel
Cover of the book The Global Strategic Revolution - Third Millennium Strategic Culture Change Management by Cornelius Frhr. v. Lepel
Cover of the book The Kyoto Protocol by Cornelius Frhr. v. Lepel
Cover of the book Analysis of the biotechnological market of Russia to find a market entry strategy for BASF Plant Science by Cornelius Frhr. v. Lepel
Cover of the book A Contrastive Analysis of Politeness by Cornelius Frhr. v. Lepel
Cover of the book India's Nuclear Policy by Cornelius Frhr. v. Lepel
Cover of the book Governmental Change and New Causal Ideas in Britain. Why ESDP Lifted Off in 1999 by Cornelius Frhr. v. Lepel
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy