Arezki, Rabah; Brückner, Markus - In: Journal of International Economics 86 (2012) 2, pp. 318-326
This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a … booms lead to a significant increase in net foreign assets, but only in countries that are ethnically homogeneous. In highly … ethnically polarized countries, net foreign assets significantly decreased. To explain this asymmetry, the paper shows that in …