On the transmission channels for the resource curse
Loading...
Date
Authors
Arin, K. P.
Braunfels, E.
Zenker, C.
Journal Title
Journal ISSN
Volume Title
Publisher
Crawford School of Public Policy, The Australian National University
Access Statement
Open Access
Abstract
Recent literature shows that oil revenues may have a positive effect on long-run economic growth. However, there is no clear evidence for such an effect in the medium-run, suggesting the existence of a so-called resource-curse in the medium-run. Taking this as a starting point, we investigate all the transmission channels through which oil revenues can retard growth in the medium-run within a Bayesian Model Averaging (BMA) framework. Our results show that oil revenues have indeed a negative effect on the medium-run economic growth, which is transmitted through medium-term trends in oil prices and (poor) institutional quality.
Description
Keywords
Citation
Source
Centre for Applied Macroeconomic Analysis Working Papers
Book Title
Entity type
Publication
Access Statement
Open Access
License Rights
DOI
Restricted until
Downloads
File
Description