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SubmittedOpen Access (License Unspecified), Open
Journal article
Globalization and domestic conflict
Journal of international economics, v 76(2)
01 Dec 2008
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
When a resource like oil is domestically contested, trade patters and welfare can be very different than when property rights are costlessly enforced. Whereas (small-country) importers of the contested resource gain unambiguously relative to autarky, exporters of the contested resource lose under free trade, unless the world price of the resource is sufficiently high. Regardless of what price obtains in world markets, countries tend to over-export the contested resource compared to the absence of conflict. For a wide range of prices, higher international prices of the contested resource reduce welfare, an instance of the "natural resource curse." (C) 2008 Elsevier B.V. All rights reserved.
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Details
- Title
- Globalization and domestic conflict
- Creators
- Michelle R. Garfinkel - University of California, IrvineStergios Skaperdas - University of California, IrvineConstantinos Syropoulos - Drexel University
- Publication Details
- Journal of international economics, v 76(2)
- Publisher
- Elsevier
- Number of pages
- 13
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:000261981000012
- Scopus ID
- 2-s2.0-56449084888
- Other Identifier
- 991019168226404721
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- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Economics