Long-run effects of resource rents in developing countries: the role of public investment management
The paper studies the long-run effects of shocks to resource rents on the economy using a structural vector error correction model for 37 developing countries. First, the long-run relations involving resource rents and the economy differ for resource importers and exporters. Second, there is an indi...
| Main Author: | |
|---|---|
| Format: | Working paper |
| Published: |
University of Oxford
2013
|
| _version_ | 1826261700578377728 |
|---|---|
| author | Woldeyes, F |
| author_facet | Woldeyes, F |
| author_sort | Woldeyes, F |
| collection | OXFORD |
| description | The paper studies the long-run effects of shocks to resource rents on the economy using a structural vector error correction model for 37 developing countries. First, the long-run relations involving resource rents and the economy differ for resource importers and exporters. Second, there is an indirect effect from resource rents to output through public capital accumulation for resource exporters. Third, although resource rents have a positive long-run impact on output, good public investment management is required for resource rents to improve non-resource output. |
| first_indexed | 2024-03-06T19:25:28Z |
| format | Working paper |
| id | oxford-uuid:1b8ccf31-649b-46f5-b989-a18baae190d0 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T19:25:28Z |
| publishDate | 2013 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:1b8ccf31-649b-46f5-b989-a18baae190d02022-03-26T11:01:00ZLong-run effects of resource rents in developing countries: the role of public investment managementWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:1b8ccf31-649b-46f5-b989-a18baae190d0Bulk import via SwordSymplectic ElementsUniversity of Oxford2013Woldeyes, FThe paper studies the long-run effects of shocks to resource rents on the economy using a structural vector error correction model for 37 developing countries. First, the long-run relations involving resource rents and the economy differ for resource importers and exporters. Second, there is an indirect effect from resource rents to output through public capital accumulation for resource exporters. Third, although resource rents have a positive long-run impact on output, good public investment management is required for resource rents to improve non-resource output. |
| spellingShingle | Woldeyes, F Long-run effects of resource rents in developing countries: the role of public investment management |
| title | Long-run effects of resource rents in developing countries: the role of public investment management |
| title_full | Long-run effects of resource rents in developing countries: the role of public investment management |
| title_fullStr | Long-run effects of resource rents in developing countries: the role of public investment management |
| title_full_unstemmed | Long-run effects of resource rents in developing countries: the role of public investment management |
| title_short | Long-run effects of resource rents in developing countries: the role of public investment management |
| title_sort | long run effects of resource rents in developing countries the role of public investment management |
| work_keys_str_mv | AT woldeyesf longruneffectsofresourcerentsindevelopingcountriestheroleofpublicinvestmentmanagement |