Égert, Balázs; Leonard, Carol S. - 2007
thus long-term growth prospects in an economy that relies heavily on oil production -- we find that non-oil manufacturing … long-term economic growth (Sachs and Warner 1995). A
number of recent papers have cast doubt on this view, arguing that … disease: economic growth is damaged in
the long run because non-oil manufacturing is hollowed out. However, in the short run …