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Record Nr. |
UNINA9910973830603321 |
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Autore |
Alichi Ali |
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Titolo |
An Alternative Explanation for the Resource Curse : : The Income Effect Channel / / Ali Alichi, Rabah Arezki |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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9786612843273 |
9781462389070 |
1462389074 |
9781452705675 |
1452705674 |
9781451872590 |
1451872593 |
9781282843271 |
1282843273 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (26 p.) |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Resource curse |
Economic development |
Aggregate Factor Income Distribution |
Agricultural and Natural Resource Economics |
Balance of payments |
Capital flows |
Capital movements |
Current spending |
Data Access |
Environment |
Environmental and Ecological Economics: General |
Environmental management |
Expenditure |
Expenditures, Public |
Exports and Imports |
Income |
International economics |
International Investment |
Long-term Capital Movements |
Macroeconomic Analyses of Economic Development |
Macroeconomics |
Methodology for Collecting, Estimating, and Organizing Macroeconomic |
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Data |
National accounts |
National Government Expenditures and Related Policies: General |
Natural Resources |
Natural resources |
Nonrenewable Resources and Conservation: General |
One, Two, and Multisector Growth Models |
Public finance & taxation |
Public Finance |
Nigeria |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; Tables; 1. Composition of Government Expenditures in Oil Exporting; II. A Simple Model; A. Closed Economy; Figures; 1. Non-Hydrocarbon GDP Growth and Government Current Spending; 2. Transition Paths; B. Openness and Resource Curse; C. Altruism and Resource Curse; III. Empirical Investigation; A. Empirical Methodology; 3. Resource Curse Channels; B. Results; 2. Growth Regressions; IV. Conclusion; 3. Growth Regressions using Restrictions on Trade and Capital Flows; References; Appendices; A. Data; Appendix Tables; 4. Data Description; 5. Descriptive Statistics |
6. List of Countries Included in the Sample B. Testing for Whether a Higher Degree of Altruism Dampens the Adverse Effect of Government Current Spending on Non-Hydrocarbon GDP Growth; 7. Growth Regressions using Regional Dummies; C. Regional integration of two large open economies |
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Sommario/riassunto |
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The paper provides an alternative explanation for the "resource curse" based on the income effect resulting from high government current spending in resource rich economies. Using a simple life cycle framework, we show that private investment in the non-resource sector is adversely affected if private agents expect extra government current spending financed through resource sector revenues in the future. This income channel of the resource curse is stronger for countries with lower degrees of openness and forward altruism. We empirically validate these findings by estimating non-hydrocarbon sector growth regressions using a panel of 25 oil-exporting countries over 1992-2005. |
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