Details about Ragnar Torvik

Homepage:	http://www.svt.ntnu.no/iso/ragnar.torvik/default.htm
Postal address:	Department of Economics Norwegian University of Science and Technology Dragvoll N - 7491 Trondheim Norway
Workplace:	Institutt for Samfunnsøkonomi (Department of Economics), Fakultet for Økonomi (Faculty of Economics and Management), Norges teknisk-naturvitenskaplige universitet (NTNU) (Norwegian University of Science and Technology), (more information at EDIRC) Centre for Applied Macroeconomics and commodity Prices (CAMP), BI Handelshøyskolen (BI Norwegian Business School), (more information at EDIRC)

Access statistics for papers by Ragnar Torvik.

Last updated 2025-01-06. Update your information in the RePEc Author Service.

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Working Papers

2024

1. Fear and Dreams: Understanding the Non-Institutional Sources of Leader Strategy
   Documentos CEDE, Universidad de los Andes, Facultad de Economía, CEDE
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)

2023

2. Monitoring multicountry macroeconomic risk
   Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School
3. The interplay between monetary and fiscal policy in a small open economy
   Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School View citations (6)

2022

4. Monetary Policy when Export Revenues Drop
   Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School
   Also in Working Paper, Norges Bank (2022)
   See also Journal Article Monetary policy when export revenues drop, Journal of International Money and Finance, Elsevier (2023) View citations (1) (2023)
5. On the Political Economy of Autocratic Land Reform
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2021

6. The Inefficient Combination: Competitive Markets, Free Entry, and Democracy
   Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School View citations (2)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (2)

2020

7. Macroeconomics in the time of the Corona
   Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School View citations (1)

2019

8. Dutch disease dynamics reconsidered
   CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (22)
   Also in Working Paper, Norges Bank (2018) View citations (3)
   Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School (2018) View citations (3)
   See also Journal Article Dutch disease dynamics reconsidered, European Economic Review, Elsevier (2019) View citations (25) (2019)

2018

9. Growth with Age-Dependent Preferences
   Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School
   See also Journal Article Growth with age-dependent preferences, The Journal of International Trade & Economic Development, Taylor & Francis Journals (2020) (2020)

2017

10. Should Developing Countries Establish Petroleum Funds?
    Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School
    See also Journal Article Should Developing Countries Establish Petroleum Funds?, The Energy Journal, International Association for Energy Economics (2018) (2018)
11. The political economy of public income volatility: With an application to the resource curse
    PSE-Ecole d'économie de Paris (Postprint), HAL View citations (22)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (6)
    Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School (2015) View citations (6)
    Post-Print, HAL (2017) View citations (24)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (6)
    See also Journal Article The political economy of public income volatility: With an application to the resource curse, Journal of Public Economics, Elsevier (2017) View citations (25) (2017)

2016

12. The Political Agenda Effect and State Centralization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article The political agenda effect and state centralization, Journal of Comparative Economics, Elsevier (2020) View citations (8) (2020)
13. The Savings Multiplier
    MPRA Paper, University Library of Munich, Germany View citations (1)
    See also Journal Article The savings multiplier, Journal of Monetary Economics, Elsevier (2016) View citations (1) (2016)

2014

14. Petro Populism
    Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School
    Also in Working Paper, Norges Bank (2012)
    Working Paper Series, Department of Economics, Norwegian University of Science and Technology (2012) View citations (4)
    See also Journal Article Petro populism, Journal of Development Economics, Elsevier (2016) View citations (2) (2016)
15. Political foundations of the resource curse: A simplification and a comment
    Post-Print, HAL View citations (34)
    Also in PSE-Ecole d'économie de Paris (Postprint), HAL (2014) View citations (34)
    See also Journal Article Political foundations of the resource curse: A simplification and a comment, Journal of Development Economics, Elsevier (2014) View citations (44) (2014)

2013

16. China s Savings Multiplier
    Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School
    Also in Working Paper Series, Department of Economics, Norwegian University of Science and Technology (2013) View citations (2)
    Memorandum, Oslo University, Department of Economics (2013) View citations (2)
17. Local Natural Resource Curse?
    Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School View citations (6)
    Also in Working Paper Series, Department of Economics, Norwegian University of Science and Technology (2013) View citations (4)
    See also Journal Article Local natural resource curse?, Journal of Public Economics, Elsevier (2015) View citations (45) (2015)
18. Online Appendix: Why Do Voters Dismantle Checks and Balances? Extensions and Robustness
    Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School View citations (5)
19. Why Do Voters Dismantle Checks and Balances?
    Working Papers, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School View citations (56)
    Also in Working Paper Series, Department of Economics, Norwegian University of Science and Technology (2013) View citations (56)
    Levine's Working Paper Archive, David K. Levine (2011) View citations (5)
    Working Paper Series, Department of Economics, Norwegian University of Science and Technology (2011) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (5)
    See also Journal Article Why Do Voters Dismantle Checks and Balances?, The Review of Economic Studies, Review of Economic Studies Ltd (2013) View citations (56) (2013)
20. Why Do Voters Dismantle Checks and Balances? Extensions and Robustness
    Working Paper Series, Department of Economics, Norwegian University of Science and Technology View citations (47)

2012

21. The Need for Enemies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    See also Journal Article The Need for Enemies, Economic Journal, Royal Economic Society (2016) View citations (19) (2016)

2011

22. Institutional Comparative Statics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
23. Mineral Rents and Social Development in Norway
    Memorandum, Oslo University, Department of Economics View citations (1)
    See also Chapter Mineral Rents and Social Development in Norway, Social Policy in a Development Context, Palgrave Macmillan (2012) (2012)

2009

24. Overconfidence, Monetary Policy Committees and Chairman Dominance
    Working Paper, Norges Bank View citations (5)
    See also Journal Article Overconfidence, monetary policy committees and chairman dominance, Journal of Economic Behavior & Organization, Elsevier (2012) View citations (24) (2012)
25. The Real Swing Voter's Curse
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article The Real Swing Voter's Curse, American Economic Review, American Economic Association (2009) View citations (9) (2009)

2008

26. Endogenous Presidentialism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    See also Journal Article ENDOGENOUS PRESIDENTIALISM, Journal of the European Economic Association, European Economic Association (2016) View citations (14) (2016)

2006

27. A Political Economy Theory of the Soft Budget Constraint
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in Working Paper Series, Department of Economics, Norwegian University of Science and Technology (2005) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (7)
    See also Journal Article A political economy theory of the soft budget constraint, European Economic Review, Elsevier (2009) View citations (26) (2009)
28. Political incentives of the resource booms
    Post-Print, HAL View citations (1)
29. When is Democracy an Equilibrium? Theory and Evidence from Colombia's La Violencia
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (3)
    Working Paper Series, Department of Economics, Norwegian University of Science and Technology (2006) View citations (1)
30. When is Democracy an Equilibrium?: Theory and Evidence from Colombia�s La Violencia
    HiCN Working Papers, Households in Conflict Network View citations (4)

2005

31. A theory of civil conflict and democracy in rentier states
    Working Paper Series, Department of Economics, Norwegian University of Science and Technology
    See also Journal Article A Theory of Civil Conflict and Democracy in Rentier States, Scandinavian Journal of Economics, Wiley Blackwell (2006) View citations (39) (2006)
32. Cursed by resources or institutions?
    Working Paper Series, Department of Economics, Norwegian University of Science and Technology View citations (25)
    See also Journal Article Cursed by Resources or Institutions?, The World Economy, Wiley Blackwell (2006) View citations (582) (2006)
33. Savers, Spenders and Fiscal Policy in a Small Open Economy
    CESifo Working Paper Series, CESifo View citations (10)
    Also in Working Paper Series, Department of Economics, Norwegian University of Science and Technology (2004) View citations (2)
    Working Paper, Norges Bank (2004) View citations (8)
    See also Journal Article Savers, Spenders and Fiscal Policy in a Small Open Economy, The B.E. Journal of Macroeconomics, De Gruyter (2007) View citations (1) (2007)

2004

34. Institutions and the Resource Curse
    DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade View citations (60)
    Also in GE, Growth, Math methods, University Library of Munich, Germany (2002) View citations (32)
    Memorandum, Oslo University, Department of Economics (2003) View citations (5)
    Development and Comp Systems, University Library of Munich, Germany (2002) View citations (38)
    See also Chapter Institutions and the Resource Curse, Springer Books, Springer (2006) View citations (2) (2006)
    Journal Article Institutions and the Resource Curse, Economic Journal, Royal Economic Society (2006) View citations (1257) (2006)
35. Parasites
    Development and Comp Systems, University Library of Munich, Germany
    Also in Memorandum, Oslo University, Department of Economics (2003)
36. Rainfall, Poverty and Crime in 19th Century Germany
    Memorandum, Oslo University, Department of Economics

2003

37. Plunder & Protections Inc
    Memorandum, Oslo University, Department of Economics View citations (3)
    Also in Development and Comp Systems, University Library of Munich, Germany (2002) View citations (8)
    See also Journal Article Plunder & Protection Inc, Journal of Peace Research, Peace Research Institute Oslo (2002) View citations (17) (2002)
38. Politcal Foundations of the Resource Curse
    DELTA Working Papers, DELTA (Ecole normale supérieure)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (56)
    See also Journal Article Political foundations of the resource curse, Journal of Development Economics, Elsevier (2006) View citations (655) (2006)

2002

39. Optimal Dutch Disease
    Working Paper Series, Department of Economics, Norwegian University of Science and Technology View citations (3)
    See also Journal Article Optimal Dutch disease, Journal of Development Economics, Elsevier (2005) View citations (98) (2005)
40. White Elephants
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (20)
    See also Journal Article White elephants, Journal of Public Economics, Elsevier (2005) View citations (100) (2005)

2001

41. The Market for Extortions
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER)

2000

42. Predator or prey?: parasitic enterprises in economic development
    Memorandum, Oslo University, Department of Economics View citations (14)
    See also Journal Article Predator or prey?: Parasitic enterprises in economic development, European Economic Review, Elsevier (2003) View citations (63) (2003)

1999

43. Crime induced poverty traps
    Memorandum, Oslo University, Department of Economics View citations (1)
    See also Journal Article Crime induced poverty traps, Journal of Development Economics, Elsevier (2005) View citations (27) (2005)

Journal Articles

2024

1. The impossible trinity: Competitive markets, free entry, and efficiency
   Journal of Public Economics, 2024, 239, (C)

2023

2. Monetary policy when export revenues drop
   Journal of International Money and Finance, 2023, 137, (C) View citations (1)
   See also Working Paper Monetary Policy when Export Revenues Drop, Working Papers (2022) (2022)

2021

3. The macroeconomics of COVID-19: a two-sector interpretation
   Review of Keynesian Economics, 2021, 9, (2), 165-174

2020

4. Growth with age-dependent preferences
   The Journal of International Trade & Economic Development, 2020, 29, (6), 665-676
   See also Working Paper Growth with Age-Dependent Preferences, Working Papers (2018) (2018)
5. The political agenda effect and state centralization
   Journal of Comparative Economics, 2020, 48, (4), 749-778 View citations (8)
   See also Working Paper The Political Agenda Effect and State Centralization, NBER Working Papers (2016) View citations (5) (2016)

2019

6. Dutch disease dynamics reconsidered
   European Economic Review, 2019, 119, (C), 411-433 View citations (25)
   See also Working Paper Dutch disease dynamics reconsidered, CAMA Working Papers (2019) View citations (22) (2019)

2018

7. Should Developing Countries Establish Petroleum Funds?
   The Energy Journal, 2018, Volume 39, (Number 4)
   Also in The Energy Journal, 2018, 39, (4), 85-102 (2018)
   See also Working Paper Should Developing Countries Establish Petroleum Funds?, Working Papers (2017) (2017)

2017

8. The political economy of public income volatility: With an application to the resource curse
   Journal of Public Economics, 2017, 145, (C), 243-252 View citations (25)
   See also Working Paper The political economy of public income volatility: With an application to the resource curse, PSE-Ecole d'économie de Paris (Postprint) (2017) View citations (22) (2017)

2016

9. ENDOGENOUS PRESIDENTIALISM
   Journal of the European Economic Association, 2016, 14, (4), 907-942 View citations (14)
   Also in Journal of the European Economic Association, 2016, 14, (4), 907-942 (2016) View citations (12)
   See also Working Paper Endogenous Presidentialism, NBER Working Papers (2008) View citations (17) (2008)
10. Petro populism
    Journal of Development Economics, 2016, 118, (C), 1-12 View citations (2)
    See also Working Paper Petro Populism, Working Papers (2014) (2014)
11. The Need for Enemies
    Economic Journal, 2016, 126, (593), 1018-1054 View citations (19)
    See also Working Paper The Need for Enemies, NBER Working Papers (2012) View citations (10) (2012)
12. The savings multiplier
    Journal of Monetary Economics, 2016, 83, (C), 90-105 View citations (1)
    See also Working Paper The Savings Multiplier, MPRA Paper (2016) View citations (1) (2016)

2015

13. Local natural resource curse?
    Journal of Public Economics, 2015, 131, (C), 101-114 View citations (45)
    See also Working Paper Local Natural Resource Curse?, Working Papers (2013) View citations (6) (2013)

2014

14. Political foundations of the resource curse: A simplification and a comment
    Journal of Development Economics, 2014, 106, (C), 194-198 View citations (44)
    See also Working Paper Political foundations of the resource curse: A simplification and a comment, Post-Print (2014) View citations (34) (2014)

2013

15. Why Do Voters Dismantle Checks and Balances?
    The Review of Economic Studies, 2013, 80, (3), 845-875 View citations (56)
    See also Working Paper Why Do Voters Dismantle Checks and Balances?, Working Papers (2013) View citations (56) (2013)

2012

16. Overconfidence, monetary policy committees and chairman dominance
    Journal of Economic Behavior & Organization, 2012, 81, (2), 699-711 View citations (24)
    See also Working Paper Overconfidence, Monetary Policy Committees and Chairman Dominance, Working Paper (2009) View citations (5) (2009)

2011

17. Guest Editors’ Preface to the Special Issue on Climate Change and Distribution
    Scandinavian Journal of Economics, 2011, 113, (4), 755-757
18. When is Democracy an Equilibrium? Theory and Evidence from Colombia’s La Violencia
    Journal of Conflict Resolution, 2011, 55, (3), 366-396 View citations (15)

2010

19. Guest Editors' Preface to the Special Issue on Price and Wage Dynamics
    Scandinavian Journal of Economics, 2010, 112, (4), 643-645

2009

20. A political economy theory of the soft budget constraint
    European Economic Review, 2009, 53, (7), 786-798 View citations (26)
    See also Working Paper A Political Economy Theory of the Soft Budget Constraint, NBER Working Papers (2006) View citations (6) (2006)
21. Editors' Preface
    Scandinavian Journal of Economics, 2009, 111, (4), 625-627
22. The Real Swing Voter's Curse
    American Economic Review, 2009, 99, (2), 310-15 View citations (9)
    See also Working Paper The Real Swing Voter's Curse, NBER Working Papers (2009) View citations (9) (2009)
23. Why do some resource-abundant countries succeed while others do not?
    Oxford Review of Economic Policy, 2009, 25, (2), 241-256 View citations (127)

2007

24. Savers, Spenders and Fiscal Policy in a Small Open Economy
    The B.E. Journal of Macroeconomics, 2007, 7, (1), 35 View citations (1)
    See also Working Paper Savers, Spenders and Fiscal Policy in a Small Open Economy, CESifo Working Paper Series (2005) View citations (10) (2005)

2006

25. A Theory of Civil Conflict and Democracy in Rentier States
    Scandinavian Journal of Economics, 2006, 108, (4), 571-585 View citations (39)
    See also Working Paper A theory of civil conflict and democracy in rentier states, Working Paper Series (2005) (2005)
26. Cursed by Resources or Institutions?
    The World Economy, 2006, 29, (8), 1117-1131 View citations (582)
    See also Working Paper Cursed by resources or institutions?, Working Paper Series (2005) View citations (25) (2005)
27. Institutions and the Resource Curse
    Economic Journal, 2006, 116, (508), 1-20 View citations (1257)
    See also Chapter Institutions and the Resource Curse, Springer Books, 2006, 245-264 (2006) View citations (2) (2006)
    Working Paper Institutions and the Resource Curse, DEGIT Conference Papers (2004) View citations (60) (2004)
28. Political foundations of the resource curse
    Journal of Development Economics, 2006, 79, (2), 447-468 View citations (655)
    See also Working Paper Politcal Foundations of the Resource Curse, DELTA Working Papers (2003) (2003)
29. Poverty and crime in 19th century Germany
    Journal of Urban Economics, 2006, 59, (3), 370-388 View citations (72)
30. Should Inflation-Targeting Central Banks Care about Traded and Non-Traded Sectors?
    The IUP Journal of Bank Management, 2006, V, (1), 53-63

2005

31. Crime induced poverty traps
    Journal of Development Economics, 2005, 77, (2), 325-340 View citations (27)
    See also Working Paper Crime induced poverty traps, Memorandum (1999) View citations (1) (1999)
32. Monetary policy rules and the exchange rate channel
    Applied Financial Economics, 2005, 15, (16), 1165-1170 View citations (7)
33. Optimal Dutch disease
    Journal of Development Economics, 2005, 78, (2), 494-515 View citations (98)
    See also Working Paper Optimal Dutch Disease, Working Paper Series (2002) View citations (3) (2002)
34. White elephants
    Journal of Public Economics, 2005, 89, (2-3), 197-210 View citations (100)
    See also Working Paper White Elephants, CEPR Discussion Papers (2002) View citations (20) (2002)

2004

35. Exchange rate versus inflation targeting: a theory of output fluctuations in traded and non-traded sectors
    The Journal of International Trade & Economic Development, 2004, 13, (3), 265-285 View citations (9)

2003

36. Destructive Creativity
    Nordic Journal of Political Economy, 2003, 29, 77-84 View citations (5)
37. Interactions between Agriculture and Industry: Theoretical Analysis of the Consequences of Discriminating Agriculture in Sub–Saharan Africa
    Review of Development Economics, 2003, 7, (1), 138-151 View citations (6)
38. Optimum Currency Areas Under Inflation Targeting
    Open Economies Review, 2003, 14, (2), 99-118 View citations (5)
39. Predator or prey?: Parasitic enterprises in economic development
    European Economic Review, 2003, 47, (2), 275-294 View citations (63)
    See also Working Paper Predator or prey?: parasitic enterprises in economic development, Memorandum (2000) View citations (14) (2000)

2002

40. Natural resources, rent seeking and welfare
    Journal of Development Economics, 2002, 67, (2), 455-470 View citations (469)
41. Plunder & Protection Inc
    Journal of Peace Research, 2002, 39, (4), 447-459 View citations (17)
    See also Working Paper Plunder & Protections Inc, Memorandum (2003) View citations (3) (2003)
42. Time Inconsistency and the Exchange Rate Channel of Monetary Policy
    Scandinavian Journal of Economics, 2002, 104, (3), 391-397 View citations (12)

2001

43. Learning by doing and the Dutch disease
    European Economic Review, 2001, 45, (2), 285-306 View citations (295)

1998

44. Economic openness, trade restrictions and external shocks: modelling short run effects in Sub-Saharan Africa
    Economic Modelling, 1998, 15, (2), 257-286 View citations (5)
45. Short-Run Consequences of Trade Liberalization: A Computable General Equilibrium Model of Zimbabwe
    Journal of Policy Modeling, 1998, 20, (3), 305-333 View citations (14)
46. Zimbabwean Trade Liberalisation: Ex Post Evaluation
    Cambridge Journal of Economics, 1998, 22, (3), 325-46 View citations (16)

1997

47. Agricultural supply-led industrialization: A macromodel with sub-Saharan African characteristics
    Structural Change and Economic Dynamics, 1997, 8, (3), 351-370
48. Real exchange rate dynamics and trade liberalization: the case of multiple tariffs and unemployment
    The Journal of International Trade & Economic Development, 1997, 6, (3), 329-344 View citations (1)

1994

49. The Macroeconomics of Zimbabwe in the 1980s: A CGE-Model Analysis
    Journal of African Economies, 1994, 3, (2), 153-98 View citations (6)

Chapters

2012

1. Mineral Rents and Social Development in Norway
   Palgrave Macmillan
   See also Working Paper Mineral Rents and Social Development in Norway, Oslo University, Department of Economics (2011) View citations (1) (2011)

2006

2. Institutions and the Resource Curse
   Springer View citations (2)
   See also Working Paper Institutions and the Resource Curse, DEGIT, Dynamics, Economic Growth, and International Trade (2004) View citations (60) (2004)
   Journal Article Institutions and the Resource Curse, Royal Economic Society (2006) View citations (1257) (2006)