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question whether the world has become smaller in terms of economic distance. Instead of focussing on the transmission of single … results for the most recent period suggest that a uniform shock to output volatility in the world economy roughly …
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We study the spatial distribution of the effect of oil and gas revenues on Brazilian municipalities, using variations in the international prices of oil and gas to establish causality. Oil and gas revenues increase economic activity, measured by night-time light emissions, in oil-producing...
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