Download The Volatility Curse by Rick van der Ploeg PDF
Download The Volatility Curse
Author : Rick van der Ploeg
Publisher : SSRN
Published : 2013
ISBN-10 :
ISBN-13 :
Number of Pages : 35 Pages
Language : en
Keyword :
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The Volatility Curse Summary
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of specifications. We unravel the effects of volatility by opening the black box and conditioning the variance of growth shocks on several country characteristics. Natural resource dependence, physical and institutional barriers to trade and associated policy shocks increase volatility sharply and harm growth through this indirect channel. The robust indirect effect of natural resources through volatility trumps any direct effects on economic development, even if natural resource dependence is measured net of extraction costs. Financial development appears to mitigate the harmful causes of volatility. Our panel data estimation confirms our cross-country results, but we also offer evidence that well developed financial systems amplify the effect of short-term terms-of-trade volatility on macroeconomic volatility.Author : Rick van der Ploeg
Publisher : SSRN
Published : 2013
ISBN-10 :
ISBN-13 :
Number of Pages : 35 Pages
Language : en
Keyword :
Read Online The Volatility Curse pdf
Download The Volatility Curse epub
The Volatility Curse Audiobook Download
Listen The Volatility Curse book
Download The Volatility Curse Audiobook
What is audiobook and how does it work?
Audiobooks are voice recordings of the text of a book that you listen to rather than read. Audiobooks can be exact word-for-word versions of books or abridged versions. You can listen to audiobooks on any smartphone, tablet, computer, home speaker system, or in-car entertainment system.
An electronic book, also known as an e-book or eBook, is a book publication made available in digital form, consisting of text, images, or both, readable on the flat-panel display of computers or other electronic devices. Although sometimes defined as "an electronic version of a printed book",some e-books exist without a printed equivalent.
E-books can be read on dedicated e-reader devices, but also on any computer device that features a controllable viewing screen, including desktop computers, laptops, tablets and smartphones.