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An Alternative Explanation for the Resource Curse : : The Income Effect Channel / / Ali Alichi, Rabah Arezki



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Autore: Alichi Ali Visualizza persona
Titolo: An Alternative Explanation for the Resource Curse : : The Income Effect Channel / / Ali Alichi, Rabah Arezki Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica: 1 online resource (26 p.)
Soggetto topico: Resource curse
Economic development
Exports and Imports
Macroeconomics
Public Finance
Natural Resources
Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
Data Access
Macroeconomic Analyses of Economic Development
One, Two, and Multisector Growth Models
Nonrenewable Resources and Conservation: General
National Government Expenditures and Related Policies: General
Aggregate Factor Income Distribution
International Investment
Long-term Capital Movements
Agricultural and Natural Resource Economics
Environmental and Ecological Economics: General
Public finance & taxation
International economics
Environmental management
Expenditure
Income
Current spending
Capital flows
Natural resources
National accounts
Balance of payments
Environment
Expenditures, Public
Capital movements
Soggetto geografico: Nigeria
Altri autori: ArezkiRabah  
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: 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
Sommario/riassunto: 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.
Titolo autorizzato: An Alternative Explanation for the Resource Curse  Visualizza cluster
ISBN: 1-4623-8907-4
1-4527-0567-4
9786612843273
1-4518-7259-3
1-282-84327-3
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910788334403321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2009/112