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corruption. The impacts of corruption on long-run changes and periodic growth in the adjusted net savings rate are estimated … across African and Asian economies from 1970 to 2003. Corruption rather than resource dependency per se affects negatively … the ability of African countries to reinvest resource rents in the short term, but for Asian countries, corruption is less …
Persistent link: https://www.econbiz.de/10014185877
corruption. The impacts of corruption on long-run changes and periodic growth in the adjusted net savings rate are estimated … across African and Asian economies from 1970 to 2003. Corruption rather than resource dependency per se affects negatively … the ability of African countries to reinvest resource rents in the short term, but for Asian countries, corruption is less …
Persistent link: https://www.econbiz.de/10014044571
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The general policy prescription for resource-rich countries is that, for sustainable consumption, a greater percentage of the windfall from resource rents should be channelled into accumulating foreign assets such as a sovereign public fund as done in Norway and other developed but resource-rich...
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