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Oil and Growth in Transition Countries

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Author Info
Christa N. Brunnschweiler () (CER-ETH - Center of Economic Research at ETH Zurich, Switzerland)

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Abstract

This paper examines the impact of oil on economic growth in transition economies of the former Soviet Union (FSU) and Central and Eastern Europe (CEE). We use oil production and reserves data in a series of panel estimations to show that oil has had strong and robust positive growth effects between 1990-2006. This is confirmed when we consider the different oil ownership structures. Additionally, we find that privatization levels have had positive growth effects, while privatization speed has had negative effects on growth.

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File URL: http://www.cer.ethz.ch/research/wp_09_108.pdf
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Publisher Info
Paper provided by CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich in its series Economics working paper series with number 09/108.

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Length: 32 pages
Date of creation: May 2009
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Handle: RePEc:eth:wpswif:09-108

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Related research
Keywords: oil; resource curse; economic growth; transition countries; oil ownership;

Find related papers by JEL classification:
Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment

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This page was last updated on 2009-11-2.

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