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  • UB Potsdam  (5)
  • EUV Frankfurt  (2)
  • GB Glienicke/Nordbahn
  • Collegium Polonicum
  • Grünes Gedächtnis
  • 2020-2024  (6)
  • Cust, James  (6)
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  • 1
    Online Resource
    Online Resource
    The Dog that Didn't Bark : The Missed Opportunity of Africa's Resource Boom (2022)
    Washington, D.C : The World Bank
    Details
    UID:
    b3kat_BV049080009
    Format: 1 Online-Ressource (56 Seiten)
    Content: The commodity price boom from 2004-2014 was a huge economic opportunity for African countries abundant in oil, gas and minerals. During this period their government revenues from resources grew by an average of 1.1 billion USD per year, and economic growth in those same resource-rich countries surged. GDP growth in resource-rich countries accelerated from 4.6% to 5.4% as countries entered a decade long period of sustained high commodity prices. Nonetheless, the paper traces a significant missed opportunity for resource-rich countries in Africa, with little to show for it in the post-boom period, which saw growth collapse far below pre-boom levels, to 2.7% per annum. This paper considers the record of performance during the boom (2004-2014) and subsequent bust from 2015 onwards. The paper describes four main outcomes of the boom: 1) measures of resource dependency rose in Sub-Saharan Africa during the boom, 2) the growth record was strong during the boom but collapsed once commodity prices fell, 3) poverty and inequality rose during the boom despite strong GDP growth, 4) resource-rich countries failed to diversify both their exports and their asset base, leaving them poorly prepared for the end of the boom and a period of lower commodity prices and subsequent COVID-19 pandemic. The conclusions are stark. During this golden decade of sustained high commodity prices and booming revenues, there was limited re-investment of those revenues into building sustainable assets for the future. In other words, countries consumed the boom, rather than successfully transformed their economies. The conclusion is that many resource-rich countries in the region squandered their "once in a generation" opportunity for economic transformation, offering policy lessons that may prove valuable as we enter a new period of elevated commodity prices
    Additional Edition: Erscheint auch als Druck-Ausgabe Khan, Amjad Muhammad When the Lights go Out: The Economic Impacts of Covid-19 on Cities Globally Washington, D.C. : The World Bank, 2022
    Language: English
    DOI: 10.1596/1813-9450-10120
    DOI: 10.1596/1813-9450-10120
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: lizenzpflichtig
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Online Access
    Open Access Request
    Stabi Berlin
    UB Potsdam
    EUV Frankfurt
    HTW Berlin
    MPI Bildungsforschung
  • 2
    Online Resource
    Online Resource
    Natural resource discoveries, citizen expectations and household decisions (2020)
    [Washington, DC, USA] : World Bank Group, Africa Region, Office of the Chief Economist
    Details
    UID:
    gbv_1735914088
    Format: 1 Online-Ressource (circa 49 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9372
    Content: Major oil and gas discoveries are often associated with excitement and jubilation among citizens and government officials. But the extent to which discoveries substantially alter citizen expectations about economic conditions in a country remains an open question. The paper combines Afrobarometer data on household expectations on economic conditions and living standards with the announcement of oil and gas discoveries in Africa to estimate the effect of discoveries on expectations. The identification strategy exploits plausibly exogenous variation in the timing of discoveries relative to the rollout of survey interviews. The study find that discoveries increase expectations of better economic conditions and living standards by 35 and 52 percent respectively. Further, the paper finds that the overall expectations boom effect pertains only to countries with weaker institutions. The paper also provides evidence that households incorporate these expectations into their migration and fertility decisions, with fewer applications in the short run to the U.S. green card lottery and increased childbirth following discovery announcements
    Additional Edition: Erscheint auch als Druck-Ausgabe Cust, James Natural Resource Discoveries, Citizen Expectations and Household Decisions Washington, D.C : The World Bank, 2020
    Language: English
    Keywords: Graue Literatur
    DOI: 10.1596/1813-9450-9372
    URL: lizenzpflichtig
    URL: Deutschlandweit zugänglich
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Open Access Request
    Stabi Berlin
    UB Potsdam
    MPI Bildungsforschung
  • 3
    Online Resource
    Online Resource
    Africa's Resource Future : Harnessing Natural Resources for Economic Transformation during the Low-Carbon Transition (2023)
    Washington, D.C : The World Bank
    Details
    UID:
    gbv_1852319623
    Format: 1 Online-Ressource (270 pages)
    Series Statement: Africa Development Forum
    Content: This book examines the role for natural resource wealth in driving Africa's economic transformation and the implications of the low-carbon transition for resource-rich economies. Resource wealth remains central to most Sub-Saharan African economies, and significant untapped potential is in the ground. Subsoil assets-such as metals, minerals, oil, and gas-are key sources of government revenues, export earnings, and development potential in most countries in the Africa region. Despite large reserves, success in converting subsoil wealth into aboveground sustainable prosperity has been limited. Since the decline in commodity prices in 2014, resource-rich Africa has grown more slowly than the region's average growth rate. Finding ways to more effectively harness natural resource wealth to drive economic transformation will be central to Africa's economic future. As the world moves away from fossil fuels in alignment with commitments under the Paris Agreement, Africa's resource-rich countries face new risks and opportunities. Recent estimates suggest that 80 percent of the world's proven fossil fuel reserves must remain underground to meet the Paris targets, and much of these stranded reserves may be in Africa. This issue of stranded assets and, relatedly, "stranded nations,"? has major implications for the many African economies that are dependent on petroleum extraction and export. On the other hand, the energy transition will increase demand for raw material inputs involved in clean energy technologies. The transition from fossil fuels to clean energy may create demand by 2050 for 3 billion tons of minerals and metals that are needed to deploy solar, wind, and geothermal energy. How can African economies tap into these opportunities while managing the downside risk to their fossil fuel wealth? Africa's Resource Future explores these themes and offers policy makers insights to help them navigate the coming years of uncertainty
    Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 9781464817434
    Language: English
    URL: Deutschlandweit zugänglich
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Stabi Berlin
    UB Potsdam
    MPI Bildungsforschung
  • 4
    Online Resource
    Online Resource
    Are the Poorest Catching Up? (2023)
    Washington, D.C : The World Bank
    Details
    UID:
    gbv_1878011073
    Format: 1 Online-Ressource (47 pages)
    Content: Are global incomes converging or diverging Despite recent empirical evidence supporting the hypothesis of unconditional beta convergence, this paper argues that such findings overlook the stark reality facing the world's poorest people. Many lower income countries, including those among the so-called "Bottom Billion," continue to slip further behind the rest of the world, while the numbers of those living in extreme poverty are beginning to rise again after decades of decline. The paper explores how these contradictions can coexist and discusses the policy importance of looking beyond global average trends. The paper identifies three confusions that can arise when analyzing trends in income convergence. First, a focus on unconditional convergence can overlook important policy questions, such as whether countries are likely to eradicate extreme poverty or to catch up with the rest of the world. Tests for convergence may yield only partial answers, especially in light of recent findings that show that unconditional beta convergence can coexist with a significant group of countries slipping ever further behind the rest of the world. Meanwhile extreme poverty numbers are increasing rather than decreasing. Second, average trends can both obscure and be distorted by underlying differences in country composition. In the extreme case, while fast-growing China was below global mean incomes between 2000 and 2020, it significantly boosted empirical support for global convergence. Now that China has passed this threshold, the finding will likely reverse in the coming years as more data is available. Third, different levels of availability of time periods and country coverage can distort and even bias empirical findings, especially where limitations to data availability is correlated with lower income or diverging economies
    Additional Edition: Erscheint auch als Druck-Ausgabe Cust, James Are the Poorest Catching Up? Washington, D.C. : The World Bank, 2023
    Language: English
    DOI: 10.1596/1813-9450-10622
    URL: Deutschlandweit zugänglich
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Open Access Request
    Stabi Berlin
    UB Potsdam
    MPI Bildungsforschung
  • 5
    Online Resource
    Online Resource
    Resource-Backed Loans in Sub-Saharan Africa (2023)
    Washington, D.C : The World Bank
    Details
    UID:
    gbv_1858184436
    Format: 1 Online-Ressource
    Series Statement: Equitable Growth, Finance and Institutions Insight
    Content: This paper investigates the characteristics of resource-backed lending across sub-Saharan Africa. To shed light on this type of lending, the paper presents new information on thirty resource-backed loans identified through publicly available information between 2004-2018. These loans are concentrated in a few countries, where they represent a sizable fraction of all borrowing, they are typically taken by central governments and state-owned enterprises. While loan terms are mostly opaque, where data is available, we find that such loans are not cheaper than regular loans. The authors highlight opportunities to improve transparency and offer some suggestions for improving the governance of collateralized borrowings across developing countries
    Language: English
    DOI: 10.1596/40145
    URL: Deutschlandweit zugänglich
    Library Location Call Number Volume/Issue/Year Availability
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    Online Resource
    Open Access Request
    Stabi Berlin
    UB Potsdam
    MPI Bildungsforschung
  • 6
    Online Resource
    Online Resource
    Natural Resource Discoveries, Citizen Expectations and Household Decisions (2020)
    Washington, D.C : The World Bank
    Details
    UID:
    b3kat_BV048274811
    Format: 1 Online-Ressource (49 Seiten)
    Series Statement: World Bank E-Library Archive
    Content: Major oil and gas discoveries are often associated with excitement and jubilation among citizens and government officials. But the extent to which discoveries substantially alter citizen expectations about economic conditions in a country remains an open question. The paper combines Afrobarometer data on household expectations on economic conditions and living standards with the announcement of oil and gas discoveries in Africa to estimate the effect of discoveries on expectations. The identification strategy exploits plausibly exogenous variation in the timing of discoveries relative to the rollout of survey interviews. The study find that discoveries increase expectations of better economic conditions and living standards by 35 and 52 percent respectively. Further, the paper finds that the overall expectations boom effect pertains only to countries with weaker institutions. The paper also provides evidence that households incorporate these expectations into their migration and fertility decisions, with fewer applications in the short run to the U.S. green card lottery and increased childbirth following discovery announcements
    Additional Edition: Erscheint auch als Druck-Ausgabe Cust, James Natural Resource Discoveries, Citizen Expectations and Household Decisions Washington, D.C : The World Bank, 2020
    Language: English
    DOI: 10.1596/1813-9450-9372
    URL: Volltext  (URL des Erstveröffentlichers)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Online Resource
    Online Access
    Open Access Request
    EUV Frankfurt
    HTW Berlin
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