Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/65422
Authors: 
Bleaney, Michael
Halland, Håvard
Year of Publication: 
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

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