Research Centre

Centre for Applied Macroeconomics and Commodity Prices (CAMP)

CAMP is established to bring together economists working on applied macroeconomic issues, with special emphasis on energy economics.

Resource Rich Economies

Here we have gathered our research on resource rich economies. Our research on the topic is focused on economies with high oil reserves, however, the papers are relevant for economies with other resource stocks as well. 

  • The Shale Oil Boom and the U.S. Economy: Spillovers and Time-Varying Effects (Bjørnland and Zhulanova)
  • Business Cycles In An Oil Economy (Bergholt, Larsen and Seneca)
    • Forthcoming in: Journal of International Money and Finance
  • Dutch Disease Dynamics Reconsidered  (Bjørnland, Thorsrud and Torvik)
  • Oil and macroeconomic (in)stability (Bjørnland, Larsen and Maih)
    • Working Paper (2017)
    • Published in: American Economic Journal: Macroeconomics, 2018, Vol.10(4), pp.128-151
  • Should Developing Countries Establish Petroleum Funds? (Torvik, 2017)
  • Oil and Civil conflict: On and off (shore) (Andersen, Nordvik and Tesei)
  • The political economy of public income volatility: with an application to the resource curse  (Robinson, Torvik and Verdier)
  • Petro Rents, Political Institutions, and Hidden Wealth: Evidence from Offshore Bank Accounts (Andersen, Johannesen, Lassen and Paltseva)
    • Working Paper (2013)
    • Published in: Journal of the European Economic Association, 2017, vol 15(4), 818–860
  • Oil-Price Density Forecasts of U.S. GDP (Ravazzolo and Rothman)
    • Working Paoer (2015)
    • Published in: Studies of Nonlinear Dynamics and Econometrics. 2016, vol. 20(4), 441-453
  • Boom or Gloom? Examining the Dutch disease in two-speed economies (Bjørnland and Thorsrud)
  • Petro populism (Matsen, Natvik and Torvik)