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Does oil abundance harm growth?

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  • Tiago de. V. Cavalcanti
  • Kamiar Mohaddes
  • Mehdi Raissi

Abstract

This article explores whether natural resource abundance is a curse. Our results reveal that oil abundance has a positive effect on both long-run income levels and short-run economic growth.

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File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504851.2010.528356&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

Volume (Year): 18 (2011)
Issue (Month): 12 ()
Pages: 1181-1184

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Handle: RePEc:taf:apeclt:v:18:y:2011:i:12:p:1181-1184

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Cited by:
  1. Esfahani, H. S. & Mohaddes, K. & Pesaran, M. H., 2012. "An Empirical Growth Model for Major Oil Exporters," Cambridge Working Papers in Economics 1215, Faculty of Economics, University of Cambridge.
  2. Leong, W. & Mohaddes, K., 2011. "Institutions and the Volatility Curse," Cambridge Working Papers in Economics 1145, Faculty of Economics, University of Cambridge.
  3. Kamiar Mohaddes & M. Hashem Pesaran, 2013. "One Hundred Years of Oil Income and the Iranian Economy: A Curse or a Blessing?," CESifo Working Paper Series 4118, CESifo Group Munich.
  4. Paul Cashin & Kamiar Mohaddes & Mehdi Raissi, 2012. "The Global Impact of the Systemic Economies and MENA Business Cycles," IMF Working Papers 12/255, International Monetary Fund.
  5. Cavalcanti, T.V.de V. & Mohaddes, K. & Raissi, M., 2011. "Commodity Price Volatility and the Sources of Growth," Cambridge Working Papers in Economics 1112, Faculty of Economics, University of Cambridge.
  6. Barkhordar, Zahra A. & Saboohi, Yadollah, 2013. "Assessing alternative options for allocating oil revenue in Iran," Energy Policy, Elsevier, vol. 63(C), pages 1207-1216.

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