Oil-Led Development: Social, Political, and Economic Consequences

By T. Karl. 2004

272 citations recorded by the source corpus.

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The evolution of the natural resource curse thesis: A critical literature survey (2017, background): “Thus, this sector creates few jobs per unit of capital invested, and the skills required for these jobs usually do not fit the profile of a country’s unemployed (Karl, 2007).”
Oil Rents, Corruption, and State Stability: Evidence from Panel Data Regressions (2011, background): “More specifically, Karl (2004) argues that countries dependent on oil are often characterized by corruption and exceptionally poor governance, a culture of rent-seeking, and high incidences of civil conflict and inter-state war.2 The empirical evidence on the link between oil rents, corruption, and…”
Extending the concept of the resource curse: natural resources and public spending on health (2014, background): “Karl (2007) also mentions that despite significant rises in per capita income, the living standards in oil-dependent countries have degraded over the past decades.”