Collier, Paul; Goderis, Benedikt - Centre for the Study of African Economies (CSAE), … - 2007
Currently, evidence on the ‘resource curse’ yields a conundrum. While there is much crosssection evidence to support … permitted using VARs. We find strong evidence of a resource curse. Commodity booms have positive short-term effects on output … find that the resource curse is avoided by countries with sufficiently good institutions. We test the channels of the …