the growth of commodity exporters. This paper adopts panel cointegration methodology to explore longer term effects than …

the growth ofcommodity exporters. This paper adopts panel cointegration methodology to explore longer term effects than …

This paper investigates the role of aid in mitigating the adverse effects of commodity export price shocks on growth in … commodity-dependent countries. Using a large cross-country dataset, we find that negative shocks matter for short-term growth … exchange rate substantially lower the adverse growth effect of shocks. While the mitigating effect of aid is significant in …

political violence affect growth. Our results suggest that the impact from political shocks are far greater than from natural …. Potentially shocks can affect growth either due to their impact, or due to the volatility that repeated shocks generate. In our …

failure, we proceed in two steps. First we estimate the annual loss of growth induced by state failure. Then we cumulate this … loss over time, taking into account the chances that each year a failing state will exit this status. Our growth … estimations suggest that a failing state at peace loses 2.6 percentage points of growth per year, while violence induces a further …