Volatility and the natural resource curse
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...
| Glavni autori: | , |
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| Format: | Working paper |
| Izdano: |
University of Oxford
2008
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