The pungent smell of "red herrings": subsoil assets, rents, volatility and the resource curse
Brunnschweiler and Bulte (2008) provide cross-country evidence that the resource curse is a "red herring" once one corrects for endogeneity of resource exports and allows resource abundance affect growth. Their results show that resource exports are no longer significant while the value of...
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| Format: | Working paper |
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University of Oxford
2010
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