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Empirical evidence on the resource curse hypothesis in oil abundant economy

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Endogenous Growth, Asymmetric Trade and Resource Taxation

Bretschger, Lucas - 2010

Since 1980, the aggregate income of oil-exporting countries relative to that of oil-poor countries has been remarkably constant despite structural gaps in productivity growth rates. This stylized fact is analyzed in a two-country model where resource-poor (Home) and resource-rich (Foreign)...

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