Growth volatility and resource curse: does financial development dampen the oil shocks?
We assess whether well-developed financial system can moderate the positive association between oil volatility and growth volatility. Using a core sample of 63 oil-producing countries over the period 2000–2010, the empirical analysis confirms a negative link between oil terms of trade volatility and...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2016
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| Online Access: | http://psasir.upm.edu.my/id/eprint/43222/1/Growth%20volatility%20and%20resource%20curse%20does%20financial%20development%20dampen%20the%20oil%20shocks.pdf |