Venezuela's economic merry-go-round in the 21st century: a study through the prism of the political management of the oil rent
Author
Abstract
Suggested Citation
DOI: 10.1016/j.resourpol.2025.105587
Download full text from publisher
As the access to this document is restricted, you may want to
for a different version of it.References listed on IDEAS
- Ostrowski, Wojciech, 2023. "The twilight of resource nationalism: From cyclicality to singularity?," Resources Policy, Elsevier, vol. 83(C).
- Gonzalo Huertas, 2019. "Hyperinflation in Venezuela: A Stabilization Handbook," Policy Briefs PB19-13, Peterson Institute for International Economics.
- Kulesza, Marta, 2017. "Inflation and hyperinflation in Venezuela (1970s-2016): A post-Keynesian interpretation," IPE Working Papers 93/2017, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
- Monaldi, Francisco & Hernández, Igor & La Rosa Reyes, José, 2021. "The collapse of the Venezuelan oil industry: The role of above-ground risks limiting foreign investment," Resources Policy, Elsevier, vol. 72(C).
- Ms. Valerie Cerra, 2016. "Inflation and the Black Market Exchange Rate in a Repressed Market: A Model of Venezuela," IMF Working Papers 2016/159, International Monetary Fund.
- Giovanni B. Pittaluga & Elena Seghezza & Pierluigi Morelli, 2021. "The political economy of hyperinflation in Venezuela," Public Choice, Springer, vol. 186(3), pages 337-350, March.
- Aray, Henry & Vera, David, 2024.
"A tale of oil production collapse,"
Resources Policy, Elsevier, vol. 93(C).
- Henry Aray & David Vera, 2023. "A Tale of Oil Production Collapse," ThE Papers 23/10, Department of Economic Theory and Economic History of the University of Granada..
- Alssadek, Marwan & Benhin, James, 2021. "Oil boom, exchange rate and sectoral output: An empirical analysis of Dutch disease in oil-rich countries," Resources Policy, Elsevier, vol. 74(C).
- Juan Barredo-Zuriarrain, 2024. "Credit-Fueled Demand and Shrinking Aggregate Supply: A Study on the Hyperinflation in Venezuela," Review of Political Economy, Taylor & Francis Journals, vol. 36(1), pages 304-324, January.
- Leonardo Vera, 2017. "In search of stabilization and recovery: macro policy and reforms in Venezuela," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 40(1), pages 9-26, January.
- Luiz Carlos Bresser-Pereira, 2008. "A doença holandesa e sua neutralização: uma abordagem Ricardiana," Brazilian Journal of Political Economy, FGV EAESP, vol. 28(1), pages 47-71, January.
- Corrales, Javier & Hernández, Gonzalo & Salgado, Juan Camilo, 2020. "Oil and regime type in Latin America: Reversing the line of causality," Energy Policy, Elsevier, vol. 142(C).
- Juan Barredo-Zuriarrain, 2024. "Credit-Fueled Demand and Shrinking Aggregate Supply: A Study on the Hyperinflation in Venezuela," Post-Print halshs-03634378, HAL.
- Rosales, Antulio, 2018. "Pursuing foreign investment for nationalist goals: Venezuela's hybrid resource nationalism," Business and Politics, Cambridge University Press, vol. 20(3), pages 438-464, September.
- Mark Weisbrot & Jeffrey Sachs, 2019. "Punishing Civilians: U.S. Sanctions on Venezuela," Challenge, Taylor & Francis Journals, vol. 62(5), pages 299-321, September.
- Igor Hernandez & Francisco Monaldi, 2016. "Weathering Collapse: An Assessment of the Financial and Operational Situation of the Venezuelan Oil Industry," CID Working Papers 327, Center for International Development at Harvard University.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Aray, Henry & Vera, David, 2024.
"A tale of oil production collapse,"
Resources Policy, Elsevier, vol. 93(C).
- Henry Aray & David Vera, 2023. "A Tale of Oil Production Collapse," ThE Papers 23/10, Department of Economic Theory and Economic History of the University of Granada..
- Boliang Lin & Ruixi Lin, 2026. "RSDM: The Consensus Honest Money in the AI Era," Papers 2605.00340, arXiv.org.
- Gilberto González-Parra & Benito Chen-Charpentier & Abraham J. Arenas & Miguel Díaz-Rodríguez, 2022. "Mathematical Modeling of Physical Capital Diffusion Using a Spatial Solow Model: Application to Smuggling in Venezuela," Economies, MDPI, vol. 10(7), pages 1-16, July.
- Adel, Niloofar & Bastianin, Andrea & Pedini, Luca & Visconti, Marta, 2026.
"Lifting Constraints: Venezuelan Oil and Global Market Adjustment,"
FEEM Working Papers
396389, Fondazione Eni Enrico Mattei (FEEM).
- Niloofar Adel & Andrea Bastianin & Luca Pedini & Marta Visconti, 2026. "Lifting Constraints: Venezuelan Oil and Global Market Adjustment," Working Papers 2026.12, Fondazione Eni Enrico Mattei.
- Francisco Rodríguez & Patrick Imam, 2025.
"Political growth collapses,"
Public Choice, Springer, vol. 205(1), pages 183-217, October.
- Francisco, Rodriguez & Patrick, Imam, 2022. "Political Growth Collapses," MPRA Paper 113670, University Library of Munich, Germany.
- Olli-Pekka Hilmola, 2021. "Inflation and Hyperinflation Countries in 2018–2020: Risks of Different Assets and Foreign Trade," JRFM, MDPI, vol. 14(12), pages 1-16, December.
- Marques, Renan & Maciel, Mateus & Zuchowski, David, 2025.
"Under pressure? Forced migration and public health,"
MPRA Paper
128976, University Library of Munich, Germany.
- Marques, Renan & Maciel, Mateus & Zuchowski, David, 2026. "Under pressure? Forced migration and public health," GLO Discussion Paper Series 1748, Global Labor Organization (GLO).
- Santiago Mosquera & Federico Sturzenegger, 2021. "Cepo para principantes," Working Papers 151, Universidad de San Andres, Departamento de Economia, revised Apr 2021.
- Max Ajl, 2021. "A People’s Green New Deal: Obstacles and Prospects," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 10(2), pages 371-390, August.
- Ademir Rocha & Cleomar Gomes da Silva & Fernando Perobelli, 2020. "Inflation and Labor Migration: Modelling the Venezuelan Case," Working Papers, Department of Economics 2020_05, University of São Paulo (FEA-USP).
- Hoang, Dung Phuong & Chu, Lan Khanh & To, Trung Thanh, 2023. "How do economic policy uncertainty, geopolitical risk, and natural resources rents affect economic complexity? Evidence from advanced and emerging market economies," Resources Policy, Elsevier, vol. 85(PA).
- Thomas Goda & Alejandro Torres, 2013. "Overvaluation of the real exchange rate and the Dutch Disease: the Colombian case," Documentos de Trabajo de Valor Público 10930, Universidad EAFIT.
- Yajima, Giuliano Toshiro & Nalin, Lorenzo, 2024. "Technological lock-in developing countries: The role of external financing," Structural Change and Economic Dynamics, Elsevier, vol. 70(C), pages 494-502.
- Campana, Juan Manuel & Emboava Vaz, João & Hein, Eckhard & Jungmann, Benjamin, 2022. "Demand and growth regimes of the BRICs countries," IPE Working Papers 197/2022, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
- Faudot, Adrien, 2019.
"Saudi Arabia and the rentier regime trap: A critical assessment of the plan Vision 2030,"
Resources Policy, Elsevier, vol. 62(C), pages 94-101.
- Adrien Faudot, 2019. "Saudi Arabia and the rentier regime trap : a critical assessment of the plan Vision 2030," Post-Print halshs-02087364, HAL.
- Ebert, Laura & La Menza, Tania, 2015. "Chile, copper and resource revenue: A holistic approach to assessing commodity dependence," Resources Policy, Elsevier, vol. 43(C), pages 101-111.
- Bresser-Pereira, Luiz Carlos & Feijó, Carmem & Araújo, Eliane Cristina, 2025.
"The determination of the exchange rate: A new-developmental approach,"
Structural Change and Economic Dynamics, Elsevier, vol. 72(C), pages 245-255.
- Bresser-Pereira, Luiz Carlos & virtual::1464 & -1 & Feijó, Carmem Aparecida do Valle Costa & virtual::1465 & -1 & Araújo, Eliane Cristina de & virtual::1466 & -1, 2022. "The determination of the exchange rate: a new-developmental approach," Textos para discussão 558, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
- Hendalianpour, Ayad & Liu, Peide & Amirghodsi, Sirous & Hamzehlou, Mohammad, 2022. "Designing a System Dynamics model to simulate criteria affecting oil and gas development contracts," Resources Policy, Elsevier, vol. 78(C).
- Su, Chi-Wei & Khan, Khalid & Tao, Ran & Umar, Muhammad, 2020. "A review of resource curse burden on inflation in Venezuela," Energy, Elsevier, vol. 204(C).
- Liu, Tong & Lan, Bo, 2024. "On the conflict of natural resources abundance and export upgrading in upper-middle and high-income countries," Resources Policy, Elsevier, vol. 89(C).
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jrpoli:v:105:y:2025:i:c:s0301420725001291. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.
Printed from https://ideas.repec.org/a/eee/jrpoli/v105y2025ics0301420725001291.html