Natural Resources: Curse or Blessing?Journal of Economic Literature - Tập 49 Số 2 - Trang 366-420 - 2011
Frederick van der Ploeg
Are natural resources a “curse” or a “blessing”? The empirical evidence suggests that either outcome is possible. This paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a resource bonanza induces appreciation of the real exchange rate, deindustrialization, and bad growth pr...... hiện toàn bộ
The Economic Effects of Energy Price ShocksJournal of Economic Literature - Tập 46 Số 4 - Trang 871-909 - 2008
Lutz Kilian
Large fluctuations in energy prices have been a distinguishing characteristic of the U.S. economy since the 1970s. Turmoil in the Middle East, rising energy prices in the United States, and evidence of global warming recently have reignited interest in the link between energy prices and economic performance. This paper addresses a number of the key issues in this debate: What are energy p...... hiện toàn bộ
Behavioral Contract TheoryJournal of Economic Literature - Tập 52 Số 4 - Trang 1075-1118 - 2014
Botond Kőszegi
This review provides a critical survey of psychology-and-economics (“behavioral-economics”) research in contract theory. First, I introduce the theories of individual decision making most frequently used in behavioral contract theory, and formally illustrate some of their implications in contracting settings. Second, I provide a more comprehensive (but informal) survey of the psychology-an...... hiện toàn bộ
Top Incomes in the Long Run of HistoryJournal of Economic Literature - Tập 49 Số 1 - Trang 3-71 - 2011
Anthony B. Atkinson, Thomas Piketty, Emmanuel Saez
A recent literature has constructed top income shares time series over the long run for more than twenty countries using income tax statistics. Top incomes represent a small share of the population but a very significant share of total income and total taxes paid. Hence, aggregate economic growth per capita and Gini inequality indexes are sensitive to excluding or including top incomes. W...... hiện toàn bộ
Liquidity: A New Monetarist PerspectiveJournal of Economic Literature - Tập 55 Số 2 - Trang 371-440 - 2017
Ricardo Lagos, Guillaume Rocheteau, Randall Wright
This essay surveys the new monetarist approach to liquidity. Work in this literature strives for empirical and policy relevance, plus rigorous foundations. Questions include: What is liquidity? Is money essential in achieving desirable outcomes? Which objects can or should serve in this capacity? When can asset prices differ from fundamentals? What are the functions of commitment and coll...... hiện toàn bộ
Tax Compliance and EnforcementJournal of Economic Literature - Tập 57 Số 4 - Trang 904-954 - 2019
Joel Slemrod
This paper reviews recent economic research in tax compliance and enforcement. After briefly laying out the economics of tax evasion, it focuses on recent empirical contributions. It first discusses what methodologies and data have facilitated these contributions, and then presents critical summaries of what has been learned. It discusses a promising new development—the analysis of random...... hiện toàn bộ
What Do We Learn from the Weather? The New Climate-Economy LiteratureJournal of Economic Literature - Tập 52 Số 3 - Trang 740-798 - 2014
Melissa Dell, Benjamin F. Jones, Benjamin Olken
A rapidly growing body of research applies panel methods to examine how temperature, precipitation, and windstorms influence economic outcomes. These studies focus on changes in weather realizations over time within a given spatial area and demonstrate impacts on agricultural output, industrial output, labor productivity, energy demand, health, conflict, and economic growth, among other o...... hiện toàn bộ
An Essay on Fiscal FederalismJournal of Economic Literature - Tập 37 Số 3 - Trang 1120-1149 - 1999
Wallace E. Oates
This paper is a selective survey of fiscal federalism. It begins with a brief review and some reflections on the traditional theory of fiscal federalism: the assignment of functions to levels of government, the welfare gains from fiscal decentralization, and the use of fiscal instruments. It then explores a series of important topics that are the subject of current research: laboratory fed...... hiện toàn bộ