Cavalcanti, Tiago V. de V.; Mohaddes, Kamiar; Raissi, Mehdi - In: The Quarterly Review of Economics and Finance 51 (2011) 4, pp. 305-318
, and the real value of oil production. Secondly, we investigate the long-run (level) impacts of natural resource abundance … substantial cross-sectional dependence and cross-country heterogeneity in our sample, which covers 53 oil exporting and importing … developed by Pesaran (2006) and Pedroni (2000) for estimation. Our results, using the real value of oil production, rent or …