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Windfalls, structural transformation and specialization

Kuralbaeva, Karlygash Z.; Stefanski, Radoslaw - 2010

Macro cross-country data and micro US county data indicate that resource rich regions have small and productive manufacturing sectors and large and unproductive non-manufacturing sectors. We suggest a process of specialization to explain these facts. Windfall revenue induces labor to move from...

Persistent link: https://www.econbiz.de/10008842410