Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/65422 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
CREDIT Research Paper No. 09/09
Verlag: 
The University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT), Nottingham
Zusammenfassung: 
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.
Schlagwörter: 
fiscal policy
growth
resource curse
JEL: 
H50
O40
Q33
Dokumentart: 
Working Paper

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