Volatility and the natural resource curse

Volatility and the natural resource curse

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We provide cross-country evidence that rejects the traditional interpretation of the natural resource curse. First, growth depends negatively on volatility of unanticipated output growth independent of initial income, investment, human capital, trade openness, natural resource dependence and populat...

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Библиографические подробности
Главные авторы:	Van der Ploeg, R, Poelhekke, S
Формат:	Working paper
Опубликовано:	University of Oxford 2008

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