overall effect on GDP per capita growth. The paper''s findings are consistent with theoretical models of the current account …

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 …

standard growth equations augmented with a variable measuring tourism specialization using instrumental variables techniques … economic growth. An increase of one standard deviation in the share of tourism in exports leads to about 0.5 percentage point … in additional annual growth, everything else being constant. Our result holds against a large array of robustness checks …

of openness and forward altruism. We empirically validate these findings by estimating non-hydrocarbon sector growth …