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Working paper

Commodity prices, growth, and the natural resource curse

Alternative title:
Reconciling a conundrum
Abstract:

Currently, evidence on the ‘resource curse’ yields a conundrum. While there is much crosssection evidence to support the curse hypothesis, time series analyses using vector autoregressive (VAR) models have found that commodity booms raise the growth of commodity exporters. This paper adopts panel cointegration methodology to explore longer term effects than permitted using VARs. We find strong evidence of a resource curse. Commodity booms have positive short-term effects on output, but advers...

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Publication status:
Published
Peer review status:
Not peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Sub department:
CSAE
Research group:
Development Economics
Oxford college:
St Antony's College
Role:
Author
More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Economics
Research group:
Oxford Institute for Global Economic Development
Role:
Author
Series:
CSAE working paper series
Place of publication:
http://www.csae.ox.ac.uk/workingpapers/main-wps.html
Publication date:
2007-01-01
Language:
English
Keywords:
Subjects:
UUID:
uuid:31e5918a-8aca-40e0-b9ce-e542a77a982b
Local pid:
ora:2596
Deposit date:
2009-02-10

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