that arise along the way. Special attention is given to Norway, the world's third largest oil exporter, and the role of …

around the world, pondering the question whether an abundance of natural resources is a blessing or a curse. Second, an … article discusses the experience of Norway, the world's third largest oil exporter. To date, Norway has appeared to be mostly …

-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy’s steady state growth …