The shifting natural wealth of nations: the role of market orientation

This paper explores the effect of market orientation on (known) natural wealth using a novel dataset of world-wide major hydrocarbon and mineral discoveries. Consistent with the predictions of a two-region model, our empirical estimates based on a large panel of countries show that increased market...

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Detalhes bibliográficos
Principais autores: Van der Ploeg, R, Arezki, R, Toscani, F
Formato: Working paper
Publicado em: University of Oxford 2016