This paper studies the impact of the level and volatility of commodity terms of trade on economic growth, as well as on …. We argue that volatility, rather than abundance per se, drives the "resource curse" paradox and also investigate …, volatility exerts a negative impact on economic growth operating mainly through lower accumulation of physical capital. Our …

We study the impact of commodity terms of trade (CToT) volatility on long-term economic growth and its drivers as well … that CToT volatility exerts a negative impact on long-term economic growth, mainly through lower capital accumulation. This … observe that higher CToT volatility leads to greater volatility in inflation rather than structurally higher inflation …

This paper studies the impact of commodity terms of trade (CToT) volatility on economic growth (and its sources) in a …-sectional dependence, and feedback effects. We find that while CToT volatility exerts a negative impact on economic growth (operating …

This paper studies the impact of commodity terms of trade (CToT) volatility on economic growth (and its sources) in a …-sectional dependence, and feedback effects. We find that while CToT volatility exerts a negative impact on economic growth (operating …