A study by the Atlantic Institute for Market Studies was mentioned in a CBC NL article discussing the possibility of a global economy in Newfoundland.
The article states how “the Atlantic Institute for Market Studies demonstrated long ago that resource royalties, which go into government coffers, are often wasted on vote buying and vanity megaprojects.”
Read the article here: https://www.cbc.ca/news/canada/newfoundland-labrador/pov-economy-culture-1.5144526
Read the aforementioned study on resource revenue for Atlantic Canada by Jeff Collins here: http://www.aims.ca/wp-content/uploads/2015/06/AIMS_AGoodProblem_JN05-F2.pdf