Brückner, Markus - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-13
I estimate the effect that growth in countries' GDP per capita has on the growth rate of infrastructure. In order to extract exogenous variation in GDP per capita growth, I use the growth of the international oil price multiplied with countries' GDP shares of oil net-exports as an instrumental...
