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http://hdl.handle.net/10419/65422
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| Title: | | The Resource Curse and Fiscal Policy Volatility  |
| Authors: | | Bleaney, Michael Halland, Håvard |
| Issue Date: | | 2009 |
| Series/Report no.: | | CREDIT Research Paper 09/09 |
| Abstract: | | Using data from 1980 to 2004, we show that greater fiscal policy volatility acts as a transmission mechanism for the resource curse. Resource exports dominate political and institutional variables as determinants of fiscal policy volatility, with fiscal policy volatility being a significant determinant of growth. The existence of a resource curse is confirmed, in the sense that a higher ratio of natural resource exports to total merchandise exports is associated with significantly slower per capita GDP growth. There are no statistically significant differences between the effects of point-source and diffuse resource exports. |
| Subjects: | | fiscal policy growth resource curse |
| JEL: | | H50 O40 Q33 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CREDIT Research Papers, The University of Nottingham
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