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volatility of export prices reduces revenues from income tax. We also show that this negative effect on tax revenues is not … homogenous between countries. First, the export price volatility impact is negative except for oil exporters for whom it is null …
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Using panel data 43 developing countries over the period 1980-2010, the paper examines the impact of the Commodity Terms of Trade (CTOT) Index on the real GDP per capita growth in developing countries. The study finds that for all countries in the sample, an increase in the CTOT index...
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