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Working paper

Natural resources, export structure and investment.

Abstract:

We present cross-country empirical evidence on the role of natural resources in explaining long-run differences in private investment as a share of GDP in a sample of 72 developing countries. Our empirical results suggest important differences between oil and non-oil resources. While revenue from oil exports tends to increase private (and public) investment, there is also a robust negative effect from a measure of export concentration. After controlling for these two aspects of export structu...

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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Not peer reviewed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
Oxford college:
Nuffield College
Role:
Author
More by this author
Institution:
University of Oxford
Division:
SSD
Department:
International Development
Role:
Author
Publisher:
Centre for the Study of African Economies Publisher's website
Series:
Working Paper Series
Publication date:
2008-01-01
Language:
English
Keywords:
Subjects:
UUID:
uuid:924c60a2-f32c-4439-ad98-b4ac0869d09c
Local pid:
oai:economics.ouls.ox.ac.uk:14127
Deposit date:
2011-08-16

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