All Outputs (4)

The natural resource curse and fiscal decentralization (2015)
Journal Article
Pérez-Sebastián, F., & Raveh, O. (2016). The natural resource curse and fiscal decentralization. American journal of agricultural economics, 98(1), 212-230. https://doi.org/10.1093/ajae/aav051

© 2015 The Author. Natural resource abundance is a blessing for some countries, but a curse for others. We show that differences across countries in the degree of fiscal decentralization can contribute to this divergent outcome. Using a large panel o... Read More about The natural resource curse and fiscal decentralization.

Convergence in a dynamic Heckscher–Ohlin model with land (2015)
Journal Article
Guilló, M. D., & Pérez-Sebastián, F. (2015). Convergence in a dynamic Heckscher–Ohlin model with land. Review of development economics, 19(3), 725-734. https://doi.org/10.1111/rode.12158

Convergence among nations that share the same preferences and technologies is a key result of the closed-economy neoclassical growth framework that has received substantial support in the data. However, Heckscher–Ohlin versions of the two-sector neoc... Read More about Convergence in a dynamic Heckscher–Ohlin model with land.

Neoclassical growth and the natural resource curse puzzle (2015)
Journal Article
Guilló, M. D., & Pérez-Sebastián, F. (2015). Neoclassical growth and the natural resource curse puzzle. Journal of international economics, 97(2), 423-435. https://doi.org/10.1016/j.jinteco.2015.06.002

We advance a novel mechanism that helps to explain the puzzling evidence on the natural resource curse. The new channel arises in a standard dynamic Heckscher-Ohlin model composed of small-open economies that take international output prices as given... Read More about Neoclassical growth and the natural resource curse puzzle.

Market failure, government inefficiency, and optimal R&D policy (2015)
Journal Article
Perez-Sebastian, F. (2015). Market failure, government inefficiency, and optimal R&D policy. Economics letters, 128, 43-47. https://doi.org/10.1016/j.econlet.2015.01.012

This paper presents a growth model that can explain the coexistence of intellectual property rights and R&D subsidies as a response to the presence of both market and government failures. The framework can also generate the observed positive correlat... Read More about Market failure, government inefficiency, and optimal R&D policy.