Cassing, James H.; Wells, Jerome C.; Zamalloa, Edgar L. - In: Eastern Economic Journal 13 (1987) 4, pp. 373-387
This paper examines changes in national product and net welfare over resource boom and bust cycles in six developing economies: Chile, Zaire, Zambia, Indonesia, Mexico, and Nigeria. The authors find that changes in the terms of trade account for over 25 to 33 percent of the changes in net...