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whole, but little has been said on its impact on the composition of the non-resource export sector. This paper fills this … gap by exploring to what extent concentration of a country’s non-resource export basket is determined by their exports of … results in higher export concentration. We then document two robust empirical findings consistent with the theory. First …
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This paper investigates the impact of long-run terms-of-trade shocks. Analytically, we show that, if capital goods are largely importable or the labor supply is sufficiently elastic, then natural-resource booms increase aggregate investment and worsen the current account, but Dutch `Disease`...
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(MSMEs) challenges, opportunities and sustainability in Asia -- 8. Foreign Aid and Export Performance in a Land Locked …
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Countries that strike it rich when exploring for oil and gas often fail to see growth materialize. This paper shows that one way things can get messy is via squandering new wealth, based on future resource revenues, on arms imports. In the five years following a giant oil or gas discovery, arms...
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down countries' growth (relative to the world) into three trade-related channels: (i) an export pull measuring the traction …
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