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Paul Stevens

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Paul Stevens and Jennifer I. Considine

Resource curse has come back onto the agenda as a result of the so-called super cycle of commodity prices that began at the start of the century. As a result, there has been much discussion about how it might be avoided or at least managed. One obvious solution is to slow the development of the project to give the host country time to develop the institutional capacity to manage the potential for an attack of resource curse. However, investing companies argue very strongly against this on the grounds that delaying the cash flows reduces the net present value of the project. This chapter argues that by using option theory, delaying the development of the natural resource can potentially increase the value of the project.

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Edited by Gary Paul Green, Steven C. Deller and David D. Marcouiller

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Gary Paul Green, Steven C. Deller and David W. Marcouiller

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David W. Marcouiller, Steven C. Deller and Gary Paul Green

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Amenities and Rural Development

Theory, Methods and Public Policy

Edited by Gary Paul Green, Steven C. Deller and David D. Marcouiller

Amenities and Rural Development explores the paradigmatic shift in how we view land resources and the potential for development in amenity-rich rural regions. Amenity-based growth can lead to several paths, based largely on proximity to urban areas and the type of development that occurs, whether it be seasonal residents, retirees, or tourism. The distributional implications of amenity-led development are an important consideration for policy, both within and between communities and regions. The contributors conclude that public policy needs to focus on maximizing complementary and supplementary uses while minimizing antagonistic uses of amenities.
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Paul A. Dorosh, Simon Dradri and Steven Haggblade