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. 

  • OPEC's crude game: The supply curve in a dynamic, strategic environment (Hvinden)
  • Supply flexibility in the shale patch: Facts, no fiction
  • Commodity Prices and Fiscal Policy Design: Procyclical Despite a Rule (Bjørnland and Thorsrud). Published in: Journal of Applied Econometrics  34(2), 2019,  pp. 161-180 
  • New Kid on the Block? China vs the US in World Oil Markets (Cross, Nguyen and Zhang)
  • 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). Forthcoming in: European Economics Review
  • Should Developing Countries Establish Petroleum Funds? (Torvik, 2017). Published in: The Energy Journal, 2018, Vol.39(4)
  • 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). Published in: Journal of Public Economics, 2017, vol. 145(C), 243-252
  • Petro Rents, Political Institutions, and Hidden Wealth: Evidence from Offshore Bank Accounts (Andersen, Johannesen, Lassen and Paltseva). Published in: Journal of the European Economic Association, 2017, vol 15(4), 818–860
  • Boom or Gloom? Examining the Dutch disease in two-speed economies (Bjørnland and Thorsrud). Published in: Economic Journal, 2016, vol 126(598), 2219–2256
  • Petro populism (Matsen, Natvik and Torvik). Published in: Journal of Development Economics, 2016, vol. 118, 1-12
  • Local Natural Resource Curse? (Borge, Parmer and Torvik). Published in: Journal of Public Economics, 2015, vol. 131, 101-114
  • What drives oil prices? Emerging versus Developed Economies (Aastveit, Bjørnland and Thorsrud). Published in: Journal of Applied Econometrics, 2015 vol. 30(7), 1013-1028