The implications of natural resource exports for non-resource trade

Foreign exchange windfalls such as those from natural resource revenues change non-resource exports, imports, and the capital account. We study the balance between these responses and show that the response to $1 of resource revenue is, for our preferred estimates, to decrease non-resource exports b...

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Bibliographic Details
Main Authors: Venables, A, Harding, T
Format: Working paper
Published: University of Oxford 2013