Arbeitspapier
The Resource Curse and Fiscal Policy Volatility
Using data from 1980 to 2004, we show that greater fiscal policy volatility acts as a transmission mechanism for the resource curse. Resource exports dominate political and institutional variables as determinants of fiscal policy volatility, with fiscal policy volatility being a significant determinant of growth. The existence of a resource curse is confirmed, in the sense that a higher ratio of natural resource exports to total merchandise exports is associated with significantly slower per capita GDP growth. There are no statistically significant differences between the effects of point-source and diffuse resource exports.
- Sprache
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Englisch
- Erschienen in
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Series: CREDIT Research Paper ; No. 09/09
National Government Expenditures and Related Policies: General
Economic Growth and Aggregate Productivity: General
Resource Booms
growth
resource curse
Natürliche Ressourcen
Export
Finanzpolitik
Volatilität
Wirtschaftswachstum
Welt
Halland, Håvard
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:24 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bleaney, Michael
- Halland, Håvard
- The University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT)
Entstanden
- 2009