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Publications (6)
– Success and failure in the extractive sector
A central difficulty for extractive activity is that benefits accrue at the national level but disruptions are highly localized. Companies recognise that these imbalances need to be addressed and adopt active programmes to improve local benefits. These programmes have had mixed past success, partly...
– How inflated expectations of oil revenues led to a deterioration in macroeconomic management
Prior to the discovery of oil, Ghana was one of the stars of the ‘Africa rising’ story, with an established track record of macroeconomic stability and fiscal discipline. When oil was discovered, there were great hopes that Ghana would avoid the ‘resource curse’. Initial signs were promising — the...
– Lessons from international experience
Mozambique has seen a significant expansion of interest and investment in its extractive industries. New gas finds in the past ten years have led to expectations that these industries will contribute very significantly to the country’s future economic development and its long-term structural change...
Research Brief
pdf
Over the period 2007–50 climate change is predicted to cause Vietnam’s annual GDP growth rate to fall between 0.02 and 0.10 percentage points. While small relative to GDP, absolute loss levels due to climate change are significant at between US$6-15$ billion (in present value terms using a discount...
Climate change is one of the most complex and urgent of global issues due to its potential impacts and the policies and measures needed to address those impacts. Both are potential game changers for the Earth’s biosphere, ways of life, and economic development into the twenty-first century and...
Research Brief
pdf
All climate scenarios considered result in reduced national welfare, if no reforms are enacted. If no policy changes are implemented, the present value of climate change costs up to 2050 are between US2 and US7 billion, for the scenarios considered in Mozambique. Climate change damages, while being...
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