LEADER 05926oam 22012734 450 001 9910788334403321 005 20230721045727.0 010 $a1-4623-8907-4 010 $a1-4527-0567-4 010 $a9786612843273 010 $a1-4518-7259-3 010 $a1-282-84327-3 035 $a(CKB)3170000000055270 035 $a(EBL)1608303 035 $a(SSID)ssj0000940042 035 $a(PQKBManifestationID)11483766 035 $a(PQKBTitleCode)TC0000940042 035 $a(PQKBWorkID)10946570 035 $a(PQKB)10050560 035 $a(OCoLC)649718522 035 $a(MiAaPQ)EBC1608303 035 $a(IMF)WPIEE2009112 035 $a(EXLCZ)993170000000055270 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 13$aAn Alternative Explanation for the Resource Curse : $eThe Income Effect Channel /$fAli Alichi, Rabah Arezki 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (26 p.) 225 1 $aIMF Working Papers 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 3 $aThe paper provides an alternative explanation for the "resource curse" based on the income effect resulting from high government current spending in resource rich economies. Using a simple life cycle framework, we show that private investment in the non-resource sector is adversely affected if private agents expect extra government current spending financed through resource sector revenues in the future. This income channel of the resource curse is stronger for countries with lower degrees of openness and forward altruism. We empirically validate these findings by estimating non-hydrocarbon sector growth regressions using a panel of 25 oil-exporting countries over 1992-2005. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/112 606 $aResource curse 606 $aEconomic development 606 $aExports and Imports$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aNatural Resources$2imf 606 $aMethodology for Collecting, Estimating, and Organizing Macroeconomic Data$2imf 606 $aData Access$2imf 606 $aMacroeconomic Analyses of Economic Development$2imf 606 $aOne, Two, and Multisector Growth Models$2imf 606 $aNonrenewable Resources and Conservation: General$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aAggregate Factor Income Distribution$2imf 606 $aInternational Investment$2imf 606 $aLong-term Capital Movements$2imf 606 $aAgricultural and Natural Resource Economics$2imf 606 $aEnvironmental and Ecological Economics: General$2imf 606 $aPublic finance & taxation$2imf 606 $aInternational economics$2imf 606 $aEnvironmental management$2imf 606 $aExpenditure$2imf 606 $aIncome$2imf 606 $aCurrent spending$2imf 606 $aCapital flows$2imf 606 $aNatural resources$2imf 606 $aNational accounts$2imf 606 $aBalance of payments$2imf 606 $aEnvironment$2imf 606 $aExpenditures, Public$2imf 606 $aCapital movements$2imf 607 $aNigeria$2imf 615 0$aResource curse. 615 0$aEconomic development. 615 7$aExports and Imports 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aNatural Resources 615 7$aMethodology for Collecting, Estimating, and Organizing Macroeconomic Data 615 7$aData Access 615 7$aMacroeconomic Analyses of Economic Development 615 7$aOne, Two, and Multisector Growth Models 615 7$aNonrenewable Resources and Conservation: General 615 7$aNational Government Expenditures and Related Policies: General 615 7$aAggregate Factor Income Distribution 615 7$aInternational Investment 615 7$aLong-term Capital Movements 615 7$aAgricultural and Natural Resource Economics 615 7$aEnvironmental and Ecological Economics: General 615 7$aPublic finance & taxation 615 7$aInternational economics 615 7$aEnvironmental management 615 7$aExpenditure 615 7$aIncome 615 7$aCurrent spending 615 7$aCapital flows 615 7$aNatural resources 615 7$aNational accounts 615 7$aBalance of payments 615 7$aEnvironment 615 7$aExpenditures, Public 615 7$aCapital movements 700 $aAlichi$b Ali$01472681 701 $aArezki$b Rabah$01472682 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788334403321 996 $aAn Alternative Explanation for the Resource Curse$93685549 997 $aUNINA