Working Paper
Understanding the boom
There are large volumes of gas offshore Tanzania, which has raised hopes of a boom. But those hopes look set to be disappointed. A boom would depend on there being a sizeable flow of revenue to government from producing and exporting gas. This paper...
Working Paper
Understanding the boom
A significant natural resource discovery creates excited popular expectations of imminent wealth. But the size of a boom is usually overestimated and the delay in receiving revenues is underestimated. This paper takes stock of the sequencing, timing...
Working Paper
Understanding the implications of the boom-bust cycle of global copper prices for natural resources, structural change, and industrial development in Zambia
This paper is about understanding the cycle of global copper price booms and busts over Zambia’s economic history. We explore how the mining industry has been managed, and wider economic management during boom periods. We find that successive Zambian...