Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …

The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … dependence, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …

Cross-country evidence is presented on resource dependence and the link between volatility and growth. First, growth … depends negatively on volatility of unanticipated output growth independent of initial income per capita, the average … growth. Second, the adverse effect of resources on growth operates primarily through higher volatility. The positive effect …

The volatility of unanticipated output growth in income per capita is detrimental to long-run development …, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth through …,controlling for initial income per capita, population growth, human capital,investment, openness and natural resource dependence. This …

The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … dependence, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence …

, growth depends negatively on volatility of unanticipated output growth independent of initial income, investment, human … on growth is swamped by the indirect negative effect through volatility. Third, with well developed financial sectors … growth. Fifth, restrictions on the current account raise volatility and depress growth whereas capital account restrictions …

The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … dependence, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth … volatility. -- volatility ; growth ; resource curse ; financial development …

The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling … dependence, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth … for initial income per capita, population growth, human capital, investment, openness and natural resource dependence …

volatility channel may lead one to erroneously conclude that there is no effect of resources on growth. … corrects for endogeneity of resource exports and allows resource abundance affect growth. Their results show that resource … exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World …