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Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from …
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Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from …
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This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...
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