Resource windfalls and public debt: the role of political myopia
We identify an adverse consequence of natural resource windfalls, which is partic-ularly detrimental in advanced democracies. We construct a political economy modelwith endogenous public debt under exogenous resource windfall shocks, in which po-litical myopia results from reelection prospects. Reel...
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| Format: | Working paper |
| Izdano: |
University of Oxford
2018
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