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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Main Authors: Moradbeigi, Maryam, Law, Siong Hook
Format: Article
Language:English
Published: Elsevier 2016
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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spelling 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
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description 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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score 13.211869