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Long-run effects of resource rents in developing countries: the role of public investment management

Abstract:

The paper studies the long-run effects of shocks to resource rents on the economy using a structural vector error correction model for 37 developing countries. First, the long-run relations involving resource rents and the economy differ for resource importers and exporters. Second, there is an indirect effect from resource rents to output through public capital accumulation for resource exporters. Third, although resource rents have a positive long-run impact on output, good public investmen...

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Publication status:
Published

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Publisher:
University of Oxford
Series:
OxCarre Papers
Publication date:
2013-01-08
Paper number:
105
Keywords:
Pubs id:
1143780
Local pid:
pubs:1143780
Deposit date:
2020-12-15

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