macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are …. Third, we find that in the long run resource windfalls have negative effects on non-resource sector GDP growth. Yet, the … windfalls on macroeconomic stability and economic growth are moderated by the quality of political institutions. -- commodity …

experienced relatively low and non inclusive economic growth as well as high levels of macroeconomic volatility. Important … administrations. -- natural resources ; volatility ; inclusive growth ; Middle East and North Africa …

We use a new dataset on non-resource GDP to examine the impact of commodity price volatility on economic growth in a … significant increase in non-resource GDP growth in democracies, but to no significant increase in autocracies. To explain this … political institutions. -- commodity prices ; volatility ; democracy ; economic growth …