Growth volatility and resource curse: does financial development dampen the oil shocks?
We assess whether well-developed financial system can moderate the positive association between oil volatility and growth volatility. Using a core sample of 63 oil-producing countries over the period 2000–2010, the empirical analysis confirms a negative link between oil terms of trade volatility and...
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2016
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Online Access: | http://psasir.upm.edu.my/id/eprint/43222/1/Growth%20volatility%20and%20resource%20curse%20does%20financial%20development%20dampen%20the%20oil%20shocks.pdf http://psasir.upm.edu.my/id/eprint/43222/ http://www.sciencedirect.com/science/article/pii/S0301420716300149 |
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my.upm.eprints.432222016-05-18T04:09:48Z http://psasir.upm.edu.my/id/eprint/43222/ Growth volatility and resource curse: does financial development dampen the oil shocks? Moradbeigi, Maryam Law, Siong Hook We assess whether well-developed financial system can moderate the positive association between oil volatility and growth volatility. Using a core sample of 63 oil-producing countries over the period 2000–2010, the empirical analysis confirms a negative link between oil terms of trade volatility and growth volatility. In addition, we find evidence that financial development dampens the effect of oil terms of trade volatility. Elsevier 2016 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/43222/1/Growth%20volatility%20and%20resource%20curse%20does%20financial%20development%20dampen%20the%20oil%20shocks.pdf Moradbeigi, Maryam and Law, Siong Hook (2016) Growth volatility and resource curse: does financial development dampen the oil shocks? Resources Policy, 48. pp. 97-103. ISSN 0301-4207; ESSN: 1873-7641 http://www.sciencedirect.com/science/article/pii/S0301420716300149 10.1016/j.resourpol.2016.02.009 |
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We assess whether well-developed financial system can moderate the positive association between oil volatility and growth volatility. Using a core sample of 63 oil-producing countries over the period 2000–2010, the empirical analysis confirms a negative link between oil terms of trade volatility and growth volatility. In addition, we find evidence that financial development dampens the effect of oil terms of trade volatility. |
format |
Article |
author |
Moradbeigi, Maryam Law, Siong Hook |
spellingShingle |
Moradbeigi, Maryam Law, Siong Hook Growth volatility and resource curse: does financial development dampen the oil shocks? |
author_facet |
Moradbeigi, Maryam Law, Siong Hook |
author_sort |
Moradbeigi, Maryam |
title |
Growth volatility and resource curse: does financial development dampen the oil shocks? |
title_short |
Growth volatility and resource curse: does financial development dampen the oil shocks? |
title_full |
Growth volatility and resource curse: does financial development dampen the oil shocks? |
title_fullStr |
Growth volatility and resource curse: does financial development dampen the oil shocks? |
title_full_unstemmed |
Growth volatility and resource curse: does financial development dampen the oil shocks? |
title_sort |
growth volatility and resource curse: does financial development dampen the oil shocks? |
publisher |
Elsevier |
publishDate |
2016 |
url |
http://psasir.upm.edu.my/id/eprint/43222/1/Growth%20volatility%20and%20resource%20curse%20does%20financial%20development%20dampen%20the%20oil%20shocks.pdf http://psasir.upm.edu.my/id/eprint/43222/ http://www.sciencedirect.com/science/article/pii/S0301420716300149 |
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