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Will a revenue boom support development in resource-rich economies?The post-COVID-19 economic recovery and Russia’s war with Ukraine have caused some natural resource prices to reach new highs. Although forecasting...
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Working Paper
Extractive industries: imperatives, opportunities, and dilemmas in the net-zero transitionThe extractives industries are highly controversial but remain vitally important in much of the developing world. This paper considers their role in reducing energy poverty and discusses scenarios for the future of the global markets for oil, gas...
Working Paper
Extractive industries: addressing transparency, corruption, and theftThis paper analyses the roles that states, civil society, and international actors can play in tackling the weak governance that sometimes leads to resources being used for private rather than public benefit. It discusses the corruption that bedevils...
Working Paper
Transparency in extractive industry commodities tradingThe paper reviews the debate about transparency in extractive industry commodities trade. It examines the obstacles to improved transparency. A critical review of the experience with estimating losses from a lack of transparency concludes that many...
Working Paper
Pandemics and their impact on oil and metal pricesWe examine the effect of pandemics on selected commodity prices—in particular, those of zinc, copper, lead, and oil. We set up a vector autoregressive model and analyse data since the mid-nineteenth century to determine how prices reacted to...
Working Paper
COVID-19: macroeconomic dimensions in the developing worldThe COVID-19 pandemic represents an unprecedented global crisis. The task for economic policy is to help keep people alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects macroeconomic...
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