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Oil abundance and growth

dc.contributor.authorCavalcanti, Tiagoes
dc.contributor.authorMohaddes, Kamiares
dc.contributor.authorRaissi, Mehdies
dc.date.accessioned2014-10-15T20:04:11Z
dc.date.available2014-10-15T20:04:11Z
dc.date.issued2010es
dc.identifier.citationCavalcanti, T., Mohaddes, K., & Raissi, M. (2010). Oil abundance and growth. CAF Working paper, 2010/03, Caracas: CAF. Retrieved from https://scioteca.caf.com/handle/123456789/207en_GB
dc.identifier.urihttps://scioteca.caf.com/handle/123456789/207
dc.description.tableofcontentsThe aim of this paper is to investigate the following questions: Is an abundance of oil, a curse or a blessing? What are the effects of oil abundance on growth and economic development, as seen in the level of income per capita? Our estimation results, using the real value of oil production or rent as a proxy for resource endowment, indicate that oil abundance does not seem to be a curse, exhibited through both the long-run and the short-run effects. Whether or not oil abundant countries could be richer and provide a better living standard to their population than what is observed is a different issue, but oil abundance does not seem to damper economic growth.en_US
dc.language.isoenges
dc.publisherCAFes
dc.relation.ispartofseriesCAF Working paper, 2010/03es
dc.rightsCC-BY-NCes_ES
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/es_ES
dc.subjectDesarrolloes
dc.subjectEconomíaes
dc.subjectInvestigación socioeconómicaes
dc.subjectRecursos naturaleses
dc.titleOil abundance and growthes
dc.typeworkingPaperes
dc.publisher.cityCaracases


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