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From Natural Resource Boom to Sustainable Economic Growth : Lessons for Mongolia
Gupta, Pranav - 2015
Some resource-rich developing countries are in the process of harnessing immense mining resources towards inclusive growth and prosperity. Nevertheless, tapping into natural resources could be challenging given the large front-loaded investment, volatile capital flows and exposure to global...
Persistent link: https://www.econbiz.de/10013022259
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Natural Resource Booms in the Modern Era : Is the Curse Still Alive?
Warner, Andrew - 2016
The global boom in hydrocarbon, metal and mineral prices since the year 2000 created huge economic rents - rents which, once invested, were widely expected to promote productivity growth in other parts of the booming economies, creating a lasting legacy of the boom years. This paper asks whether...
Persistent link: https://www.econbiz.de/10012999763
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From Volatility to Stability in Expenditure : Stabilization Funds in Resource-Rich Countries
Sugawara, Naotaka - 2014
This paper examines the effect of stabilization funds on the volatility of government expenditure in resource-rich countries. Using a panel data set of 68 resource-rich countries over 1988–2012, the results find that the existence of stabilization funds contributes to smoothing government...
Persistent link: https://www.econbiz.de/10013055676
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Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries
Crivelli, Ernesto - 2014
This paper uses a newly constructed revenue dataset of 35 resource-rich countries for the period 1992-2009 to analyze the impact of expanding resource revenues on different types of domestic (non resource) tax revenues. Overall, we find a statistically significant negative relationship between...
Persistent link: https://www.econbiz.de/10013059088
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Financial Resource Curse in Resource-Rich Countries
Mlachila, Montfort - 2017
Why do commodity-dependent developing countries have typically lower levels of financial development than their peers? The literature has proposed many possible explanations, but it typically does not dwell on the deep mechanisms that drive such an outcome. In this paper, we argue that the main...
Persistent link: https://www.econbiz.de/10012950378
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Do Fiscal Rules Foster Fiscal Discipline in Resource-Rich Countries?
Apeti, Ablam Estel; Basdevant, Olivier; Salins, Veronique - 2023
This paper investigates the performance of fiscal rules in resource-rich countries (RRC). Using panel data for 57 commodity exporting countries from 1976 to 2021, we find that fiscal rules: (i) reduce the procyclicality of real public expenditures with terms of trade in oil exporting countries,...
Persistent link: https://www.econbiz.de/10014354588
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Climate Shocks and Domestic Conflicts in Africa
Diallo, Yoro; Tapsoba, Rene - 2022
This paper analyzes the interlinkages between climate shocks, domestic conflicts, and policy resilience in Africa. It …
Persistent link: https://www.econbiz.de/10014264533
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Winning the Oil Lottery : The Impact of Natural Resource Extraction on Growth
Cavalcanti, Tiago - 2016
This paper provides evidence of the causal impact of oil discoveries on development. Novel data on the drilling of 20,000 oil wells in Brazil allows us to exploit a quasi-experiment: Municipalities where oil was discovered constitute the treatment group, while municipalities with drilling but no...
Persistent link: https://www.econbiz.de/10012993723
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Natural Resources, Volatility, and Inclusive Growth : Perspectives from the Middle East and North Africa
Arezki, Rabah - 2013
This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA …
Persistent link: https://www.econbiz.de/10013090365
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Determinants of Growth Spells : Is Africa Different?
Tsangarides, Charalambos G. - 2014
Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest … spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We …, macroeconomic policy, and sociopolitical factors. Our analysis suggests that determinants of growth spells in Africa are different …
Persistent link: https://www.econbiz.de/10013065149