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Title:The Resource Curse and Fiscal Policy Volatility PDF Logo
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
resource curse
Document Type:Working Paper
Appears in Collections:CREDIT Research Papers, The University of Nottingham

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