Financial Resource Curse in Resource-Rich Countries

Financial Resource Curse in Resource-Rich Countries
Why do commodity-dependent developing countries have typically lower levels of financial development than their peers? The literature has proposed many possible explanations, but it typically does not dwell on the deep mechanisms that drive such an outcome. In this paper, we argue that the main cause is the shocks in commodity prices. We test... READ MORE...

Publication date: July 2017
ISBN 9781484310144
$18.00

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