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The Volatility Curse: Revisiting the Paradox of Plenty
Ploeg, Frederick Van der; Poelhekke, Steven - CESifo - 2009
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of...
Persistent link: https://www.econbiz.de/10005000394
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Natural Resources: Curse or Blessing?
Ploeg, Frederick Van der - CESifo - 2010
Are natural resources a “curse” or a “blessing”? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a...
Persistent link: https://www.econbiz.de/10008534046
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Do Social Policies Harm Employment and Growth?
Ploeg, Frederick Van der - CESifo - 2003
In economies with competitive labour markets social policies harm employment and output. In Europe, in particular, non … such as progressive taxation or facilitating corporatism may well induce wage moderation and boost employment and output … better off and thus votes for less 'populist' policies. Hence, employment and economic growth will be higher and inflation …
Persistent link: https://www.econbiz.de/10005406257