Bleaney, Michael; Halland, Håvard - In: Scottish Journal of Political Economy 61 (2014) 5, pp. 502-522
type="main" xml:id="sjpe12055-abs-0001" <title type="main">Abstract</title> <p>The combination of poor institutions and erratic macroeconomic policy, as measured by the volatility of fiscal policy, is associated with slower growth. We show that macroeconomic policy is more erratic in countries that are rich in natural...</p>