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Natural resource booms and inequality: theory and evidence

Abstract:

Surprisingly little is known about the impact of resource booms on income inequality in resource rich countries. This paper develops a simple theory, in the context of a two sector growth model in which learning-by-doing drives growth, to explain the time path of inequality following a resource boom. Under plausible conditions, we find that income inequality will fall in the short run immediately after the boom, and will then increase steadily over time as the economy grows, until the initial...

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Benedikt Goderis More by this author
Samuel W. Malone More by this author
Volume:
WPS/2008-11
Series:
Working Paper Series
Publication date:
2008
URN:
uuid:5283ecc9-940e-46c2-937d-252194cdd01f
Local pid:
oai:economics.ouls.ox.ac.uk:13976
Language:
English

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