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010   $a9786612843273
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010   $a1-282-84327-3
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035   $a(EBL)1608303
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035   $a(PQKBTitleCode)TC0000940042
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100   $a20100902d2009      uf             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 13$aAn alternative explanation for the resource curse$b[electronic resource] $ethe income effect channel /$fAli Alichi and Rabah Arezki
210   $a[Washington, D.C.] $cInternational Monetary Fund$d2009
215   $a1 online resource (26 p.)
225 1 $aIMF working paper ;$vWP/09/112
300   $aDescription based upon print version of record.
311   $a1-4519-1689-2 
320   $aIncludes bibliographical references.
327   $aContents; 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
327   $a6. 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
330   $aThe paper provides an alternative explanation for the ""resource curse"" based on the income effect resulting from high government current spending in resource rich economies. Using a simple life cycle framework, we show that private investment in the non-resource sector is adversely affected if private agents expect extra government current spending financed through resource sector revenues in the future. This income channel of the resource curse is stronger for countries with lower degrees of openness and forward altruism. We empirically validate these findings by estimating non-hydrocarbon
410  0$aIMF working paper ;$vWP/09/112.
606   $aResource curse
606   $aEconomic development
608   $aElectronic books.
615  0$aResource curse.
615  0$aEconomic development.
700   $aAlichi$b Ali$0876494
701   $aArezki$b Rabah$0936180
712 02$aInternational Monetary Fund.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910463998703321
996   $aAn alternative explanation for the resource curse$92273580
997   $aUNINA