Ploeg, Frederick van der; Poelhekke, Steven - Oxford Centre for the Analysis of Resource-Rich … - 2008
Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … investment share, initial human capital, trade openness, the national income share of natural resource exports and population …