• China’s Savings Multiplier 

      Mehlum, Halvor; Torvik, Ragnar; Valente, Simone (CAMP Working Paper Series;4/2013, Working paper, 2013)
      China’s growth is characterized by massive capital accumulation, made possible by high and increasing domestic savings. In this paper we develop a model with the aim of explaining why savings rates have been high and ...
    • Dutch Disease Dynamics Reconsidered 

      Bjørnland, Hilde C.; Thorsrud, Leif Anders; Torvik, Ragnar (CAMP Working Paper Series;4, Working paper, 2018-02)
      In this paper we develop the first model to incorporate the dynamic productivity consequences of both the spending effect and the resource movement effect of oil abundance. We show that doing so dramatically alters the ...
    • Growth with Age-Dependent Preferences 

      Mehlum, Halvor; Torvik, Ragnar; Valente, Simone (CAMP Working Paper Series Paper No. 14/2018;, Working paper, 2018-12-10)
      We study the consequences of age-dependent preferences for economic growth and structural change in a two-sector model with overlapping generations and nondimishing returns to capital. Savings and accumulation rates depend ...
    • Local Natural Resource Curse? 

      Borge, Lars-Erik; Parmer, Pernille; Torvik, Ragnar (CAMP Working Paper Series;5/2013, Working paper, 2013)
      The large variation in revenues among Norwegian local governments can partly be explained by revenues collected from hydropower production. This revenue variation, combined with good data availability, can be used to ...
    • Norges Bank Watch 2012 

      Torvik, Ragnar; Vredin, Anders; Wilhelmsen, Bjørn Roger (Norges Bank Watch report series;2012, Research report, 2012)
      Each year the Centre for Monetary Economics (CME) at The Department of Economics, BI Norwegian School of Management appoints an independent group of experts to evaluate monetary policy in Norway.
    • Petro populism 

      Matsen, Egil; Natvik, Gisle J.; Torvik, Ragnar (Journal article; Peer reviewed, 2016)
      We aim to explain petro populism|the excessive use of oil revenues to buy political support. To reap the full gains of natural resource income, politicians need to remain in o ce over time. Hence, even a rent-seeking ...
    • Petro Populism 

      Matsen, Egil; Natvik, Gisle J.; Torvik, Ragnar (CAMP Working Paper Series;1/2014, Working paper, 2014)
      We aim to explain petro populism|the excessive use of oil revenues to buy political support. To reap the full gains of natural resource income politicians need to remain in office over time. Hence, even a rent-seeking ...
    • Should Developing Countries Establish Petroleum Funds? 

      Torvik, Ragnar (CAMP Working Paper Series;3/2017, Working paper, 2017)
      Many natural-resource-abundant countries have established petroleum funds as part of their strategy to manage their resource wealth. This paper examines reasons that such funds may be established, discusses how these funds ...
    • The Political Economy of Public Income Volatility: With an Application to the Resource Curse 

      Robinson, James A.; Torvik, Ragnar; Verdier, Thierry (CAMP Working Papers Series;3/2015, Working paper, 2015)
      We develop a model of the political consequences of public income volatility. As is standard, political incentives create inefficient policies, but we show that making income uncertain creates specific new effects. Future ...
    • Why Do Voters Dismantle Checks and Balances? Extensions and Robustness. (Online appendix) 

      Acemoglu, Daron; Robinson, James A.; Torvik, Ragnar (CAMP Working Paper Series;2/2013, Working paper, 2013)
      In this online appendix we extend the basic model in the paper in several directions, discuss the robustness of the results, and moreover what new mechanisms our extensions implies as compared to the ones in the basic model.