Evidence for a Presource Curse? : Oil Discoveries, Elevated Expectations, and Growth Disappointments
Oil discoveries can constitute a major positive and exogenous shock to economic activity, but the resource curse hypothesis would suggest they might also be detrimental to growth over the long run. This paper utilizes a new methodology for estimati...
Main Authors: | Cust, James, Mihalyi, David |
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Format: | Working Paper |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2017
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/517431499697641884/Evidence-for-a-presource-curse-oil-discoveries-elevated-expectations-and-growth-disappointments http://hdl.handle.net/10986/27643 |
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