Commodity windfalls, polarization, and net foreign assets: panel data evidence on the voracity effect
This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign assets...
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Формат: | Working paper |
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University of Oxford
2011
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