Homepage of Ragnar Torvik
- Professor
- Department of Economics,
Norwegian University of Science and Technology, N-7491 Trondheim, Norway
- A. Øiens
Bygg, level 5, room 5081
- E-mail
- Google
scholar
Most recent working papers
“Macroeconomics in the time of the corona”,
(with Halvor Mehlum, University of Oslo).
“The Inefficient Combination: Competitive
Markets, Free Entry, and Democracy”, (with Halvor Mehlum,
University of Oslo, and Gisle J. Natvik,
BI Norwegian Business School).
“The Political Agenda Effect and State Centralization” (with Daron Acemoglu, MIT, and
James A. Robinson, University of Chicago).
International publications
53. “Formal Institutions and Development
in Low-Income Countries: Positive and Normative Theory”, in Jean-Marie Baland, Francois Bourguignon, Jean-Philippe Platteau and Thierry Verdier
(eds.), 2020, The
Handbook of Economic Development and Institutions, Princeton University
Press.
52. “Growth
with Age-Dependent Preferences”, Journal
of International Trade & Economic Development, 2020 (with Halvor Mehlum, University of Oslo, and Simone Valente, University
of East Anglia).
51. “Dutch
Disease Dynamics Reconsidered”, European
Economic Review, 2019, 119, 411-433 (with Hilde C. Bjørnland
and Leif Anders Thorsrud, BI Norwegian Business
School).
50. “Should Developing Countries Establish Petroleum
Funds?”, The Energy Journal,
2018, 31(4), 85-101.
49. “Oil Prices and the
Exchange Rate: Optimal Monetary Policy for Oil-Exporting Countries”, in
Rabah Arezki, Raouf Boucekkine,
Jeffrey Frankel, Mohammed Laksaci and Rick van der
Ploeg (eds.), 2018, Rethinking the Macroeconomics of Resource-Rich Countries,
CEPR Press, Chapter 6.
48. “The
Political Economy of Public Income Volatility: With an Application to the
Resource Curse”, Journal of Public Economics, 2017,
243-252 (with James A. Robinson, University of Chicago, and Thierry Verdier, Paris School of Economics).
47. “The
Savings Multiplier”,
Journal of Monetary Economics 2016,
83, 90-105 (with Halvor Mehlum, University of Oslo,
and Simone Valente, University of East Anglia).
46. “Petro Populism”, Journal
of Development Economics, 2016, 1-12 (with Egil Matsen, Norwegian University of Science and Technology, and
Gisle J. Natvik, BI
Norwegian Business School).
45. “Endogenous
Presidentialism”, Journal
of the European Economic Association, 2016, 907-942 (with James A. Robinson,
University of Chicago).
44. “The Need
for Enemies”, The Economic Journal, 2016, 1018-1054
(with Leopoldo Fergusson, Universidad de los Andes,
James A. Robinson, Harvard University, and Juan F. Vargas, Universidad del Rosario).
43. “Local Natural Resource Curse?”, Journal
of Public Economics, 2015, 131, 101-114 (with Lars-Erik Borge
and Pernille Parmer, Norwegian University of Science and Technology)
42. “Political
foundations of the resource curse: A simplification and a comment”, Journal of Development Economics, 2014, 194-198 (with James A.
Robinson, Harvard University, and Thierry Verdier,
Paris School of Economics).
41. “Why do
voters dismantle checks and balances?”, Review
of Economic Studies, 2013, 845-875 (with Daron Acemoglu, MIT, and James A.
Robinson, Harvard University). For online Appendix see here: “Online Appendix: Why do voters dismantle checks and balances?:
extensions and robustness”.
40. “Institutional
comparative statics”,
in Daron Acemoglu, Manuel Arellano and Eddie Dekel
(eds.), 2013, Advances in Economics and
Econometrics, Cambridge University Press: New York, 97-134 (with James A.
Robinson, Harvard University).
39. “Overconfidence,
Monetary Policy Committees and Chairman Dominance”, Journal
of Economic Behavior & Organization, 2012, 699-711 (with Carl Andreas
Claussen, Sveriges Riksbank
- Central Bank of Sweden, Egil Matsen,
Norwegian University of Science and Technology, and Øistein
Røisland, Norges Bank -
Central Bank of Norway).
38. “Mineral rents and social development in
Norway”, in Katja Hujo (ed.), 2012, Mineral
Rents and the Financing of Social Policy. Opportunities and Challenges,
Palgrave Macmillan, 155-184 (with Halvor Mehlum and
Karl Ove Moene, University of Oslo).
37. “When is democracy an equilibrium?
Theory and evidence from Colombia’s La Violencia”, Journal of Conflict Resolution, 2011, 366-396 (with Marion Chacon, New
York University Abu Dhabi and James A. Robinson, Harvard University).
36. “The
political economy of reform in resource rich countries”, in Rabah Arezki,
Thorvaldur Gylfason and Amadou Sy (eds.), 2011, Beyond the Curse. Policies to Harness the
Power of Natural Resources, IMF, 237-255.
35. “A
political economy theory of the soft budget constraint”, European Economic Review, 2009, 786-798 (with James A. Robinson,
Harvard University).
34. “The
real swing voter’s curse”, American Economic Review P&P,
2009, 310-315 (with James A. Robinson, Harvard University).
33. “Why do some
resource-abundant countries succeed while others do not?”, Oxford Review of Economic Policy, 2009, 241-256.
32. “Savers,
spenders and fiscal policy in a small open economy”, The B.E. Journal of Macroeconomics, 2007, Vol. 7, Issue 1, Article22
(Topics) (with Egil Matsen, Norwegian University
of Science and Technology, and Tommy Sveen, Norges Bank - Central Bank of Norway)
31. “A theory of civil conflict and democracy in rentier states”, Scandinavian Journal of Economics, 2006, 571-585 (with Silje Aslaksen, Norwegian
University of Science and Technology).
30. “Political
foundations of the resource curse”, Journal of Development Economics,
2006, 447-468 (with James A. Robinson, Harvard University, and Thierry Verdier, Paris School of Economics). For an alternative
model formulation see here: Political foundations of the
resource curse: an alternative formulation.
29. “Cursed
by resources or institutions?”, World Economy, 2006,
1117-1031 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).
28. “Poverty
and crime in 19th century Germany”, Journal
of Urban Economics, 2006, 370-388 (with Halvor Mehlum,
University of Oslo, and Edward Miguel, University of California, Berkeley).
27. “Institutions
and the Resource Curse”, The Economic Journal, 2006,
1-20 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).
26. “Parasites”, in S. Bowles and K. Hoff (ed.),
2006, Poverty Traps, Princeton
University Press, (with Halvor Mehlum and Karl Ove Moene, University of Oslo).
25. “Should
inflation-targeting central banks care about traded and non-traded sectors?”, ICFAI Journal of Bank Management, 2006 (with Kai Leitemo, Norwegian School of Management, and Øistein Røisland, Norges Bank - Central Bank of Norway).
24. “Optimal Dutch
disease”, Journal of Development Economics, 2005,
494-515 (with Egil Matsen,
Norwegian University of Science and Technology).
23. “Monetary Policy Rules and the
Exchange Rate Channel”, Applied Financial Economics,
2005, 1165-1170 (with Kai Leitemo, Norwegian School
of Management, and Øistein Røisland,
Norges Bank - Central Bank of Norway).
22. “White Elephants”, Journal of Public Economics,
2005, 197-210 (with James A. Robinson, Harvard University).
21. ”Crime
Induced Poverty Traps”, Journal of Development Economics,
2005, 325-340 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).
20. ”Exchange rate
versus inflation targeting: A theory of output fluctuations in traded and
non-traded sectors”,
Journal of International Trade &
Economic Development, 2004, 265-285 (with Øistein
Røisland, Norges Bank -
Central Bank of Norway).
19. ”Predator or
Prey? Parasitic enterprises in economic development”, European Economic Review, 2003,
275-294 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).
18. “Destructive
creativity”, Nordic Journal of Political Economy,
2003, 77-83 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).
17. “Optimum currency areas under
inflation targeting”,
Open Economies Review, 2003, 99-118 (with Øistein
Røisland, Norges Bank -
Central Bank of Norway).
16. ”Interactions between agriculture
and industry: Theoretical analysis of the consequences of discriminating
agriculture in sub-Saharan Africa”, Review of Development Economics, 2003, 138-151 (with Jørn Rattsø, Norwegian University
of Science and Technology).
15. ”Natural resources, rent-seeking and
welfare”, Journal
of Development Economics, 2002, 455-470.
14. “Time
inconsistency and the exchange rate channel of monetary policy”, Scandinavian Journal of
Economics, 2002, 391-397 (with Kai Leitemo,
Norwegian School of Management, and Øistein Røisland, Norges Bank - Central
Bank of Norway).
13. “Plunder & Protection Inc.”, Journal of Peace Research,
2002, 447-459 (with Halvor Mehlum and Karl Ove Moene, University of Oslo).
12. “Market-based extortion”, Newsletter of the American Political Science Association Organized
Section in Comparative Politics, APSA-CP 13(1), 2002 (with Halvor Mehlum and Karl Ove Moene,
University of Oslo).
11. ”Trade liberalization
and investment response in Zimbabwe", in C. Mumbengegwe
(ed.), 2002, Macroeconomic and Structural Adjustment Policies in Zimbabwe,
Palgrave, UK, 195-220 (with Halvor Mehlum, University
of Oslo, and Jørn
Rattsø, Norwegian University of Science and
Technology).
10. ”Learning
by doing and the Dutch disease”, European Economic Review, 2001, 285-306.
9. ”The macroeconomics of
foreign aid in sub-Saharan Africa: Dutch disease effects reconsidered”, in K.
Gupta (ed.), 1999, Foreign Aid: New Perspectives, Kluwer Academic
Publishers: Boston, 255-274 (with Jørn Rattsø, Norwegian University of Science and Technology).
8. ”Zimbabwean trade liberalisation: ex post evaluation”, Cambridge Journal
of Economics, 1998, 325-346 (with Jørn Rattsø, Norwegian University of Science and Technology).
7. ”Economic openness,
trade restrictions and external shocks: modelling short run effects in
Sub-Saharan Africa”, Economic Modelling, 1998, 257-286 (with Jørn Rattsø, Norwegian University
of Science and Technology).
6. ”Short-run consequences
of trade liberalization: a computable general equilibrium model of Zimbabwe”, Journal
of Policy Modeling, 1998, 305-333 (with Rob Davies, University of Zimbabwe,
and Jørn Rattsø, Norwegian
University of Science and Technology).
5. ”Real exchange rate
dynamics and trade liberalization: the case of multiple tariffs and
unemployment”, Journal of International Trade & Economic Development,
1997, 329-344.
4. ”Agricultural supply-led
industrialization: a macromodel with sub-Saharan
African characteristics”, Structural Change and Economic Dynamics, 1997,
351-370.
3. ”The macroeconomics of
Zimbabwe in the 1980s: a CGE-model analysis”, Journal of African Economies,
1994, 153-198 (with Rob Davies, University of Zimbabwe, and Jørn
Rattsø, Norwegian University of Science and
Technology).
2. ”Trade policy under a
binding foreign exchange constraint”, Journal of International Trade &
Economic Development, 1994, 15-31.
1. ”Talent, growth and
income distribution”, Scandinavian Journal of Economics, 1993, 581-596.
Some international media coverage of my research: Der Spiegel, Die Zeit, Le Monde, New York Times, The Independent, CNN
Selected publications in Norwegian
11. ”Ny Teknologi, Produktivitetsvekst og Renter”, Samfunnsøkonomen 2019, 3, 40-48. (Tildelt Artikkelprisen 2019)
10. ”Pengepolitikk eller Finanspolitikk i Konjunkturstyringen?”, Samfunnsøkonomen, 2017, 4, 21-27.
9. ”Mål for arbeidsledigheten: Avvik, årsaker
og supplerende indikatorer”, Finansdepartementet, Arbeidsnotat 2017/8. (med Ulf Andersen, Ådne Cappelen,
Einar W. Nordbø, Helge Nome Næsheim og Johannes Sørbø).
8. ”Virkninger av finanspolitikken på aktivitet, omstilling og vekstevne”, Finansdepartementet, Arbeidsnotat 2016/1.
7. ”Realvalutakurs og Oljeprisfall”, Samfunnsøkonomen, 2016, 41-49.
6. ”Pengepolitikk i en Oljeøkonomi”, Samfunnsøkonomen, 2015, 34-45.
5. ”Finanspolitiske Råd”, Samfunnsøkonomen, 2010, 11-19 (med Egil Matsen og Gisle Natvik)..
4. ”Realvalutakurs og innfasing av oljeinntekter” I Ø. Eitrheim og K. Gulbrandsen (red.), 2003, Hvilke faktorer kan forklare utviklingen i valutakursen?, Norges Banks Skriftserie Nr. 31.
3. ”Pengepolitisk regime og konkurranseutsatt sektor”. I J. F. Qvigstad og Ø. Røisland (red.), 2000, Perspektiver på pengepolitikken, Gyldendal Akademisk, 187-226 (med Øistein Røisland).
2. ”Finanspolitikk og økonomisk vekst – en oversikt”, Norsk Økonomisk Tidsskrift, 1997, 129-151.
1. ”Ny vekstteori: En smakebit på modellformuleringer og resultater, Norsk
Økonomisk Tidsskrift, 1993, 69-92 (med Lars-Erik Borge).
Contact address:
ragnar.torvik@ntnu.no, Updated: 03.02.2020