- Abstract:
-
Currently, evidence on the ‘resource curse’ yields a conundrum. While there is much crosssection evidence to support the curse hypothesis, time series analyses using vector autoregressive (VAR) models have found that commodity booms raise the growth of commodity exporters. This paper adopts panel cointegration methodology to explore longer term effects than permitted using VARs. We find strong evidence of a resource curse. Commodity booms have positive short-term effects on output, but advers...
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- Volume:
- WPS/2007-15
- Series:
- Working Paper Series
- Publication date:
- 2007
- URN:
-
uuid:144f9f01-1f35-4547-8f25-508f6ac5bc2c
- Local pid:
- oai:economics.ouls.ox.ac.uk:13218
- Language:
- English
- Copyright date:
- 2007
Working paper
Commodity Prices, Growth, and the Natural Resource Curse: Reconciling a Conundrum.
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