A resource belief-curse
oil and individualism
Our rough guess is there are 8,250 words in this book.
At a pace averaging 250 words per minute, this book will take 0 hours and 33 minutes to read. With a half hour per day, this will take 1 days to read.
How long will it take you?
This book will take an estimated to read at a reading speed averaging words per minute. With 30 minutes per day, this will take to read.
Enter your reading speedYou can take one of our WPM reading speed tests to find your reading speed.
Create a free account to track your reading progress, build your reading list, and set reading goals.
Author
Contributions
- MacCulloch, Robert - Contributor
- Dubra, Juan - Contributor
- Harvard Business School - Contributor
Publication
2007 - Harvard Business School, Boston, Massachusetts
Language
English
Word Count
8,250 words, Guess
Page Count
33 pages
Identifiers
- OCLC Control Number191879278
- Open LibraryOL48025900M
Description
We study the correlation between a belief concerning individualism and a measure of luck in the US during the period 1983-2004. The measure of beliefs is the answer to a question related to whether the poor should be helped by the government or if they should help themselves, while the measure of luck is the share of the oil industry in the state's economy multiplied by the price of oil. The correlation is negative, suggesting that more reliance on luck is correlated with less individualism. We provide three short models that help interpret this correlation. One implication of this finding is that societies that depend heavily on oil, and perhaps natural resources more generally, will experience a heavier demand for government intervention. We argue that this is one aspect that the good design of policies on the extraction of oil and mineral resources should take into account.
Subjects
Series Statement
- Working paper / Harvard Business School -- 08-035
Reader Reviews
No reviews yet for this book.
Be the first to share your thoughts!