The Linkage between the Oil and Non-oil Sectors : A Panel VAR Approach /

Recent empirical studies have shown an inverse relation between natural resource intensity and long-term growth, implying that the natural resources generally impede economic growth through various channels (the 'natural resource curse'). This paper departs from these studies by exploring...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Klein, Nir
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2010.
Loạt:IMF Working Papers; Working Paper ; No. 2010/118
Truy cập trực tuyến:Full text available on IMF
LEADER 02014cas a2200241 a 4500
001 AALejournalIMF006441
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781455200771 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Klein, Nir. 
245 1 4 |a The Linkage between the Oil and Non-oil Sectors :   |b A Panel VAR Approach /  |c Nir Klein. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2010. 
300 |a 1 online resource (25 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Recent empirical studies have shown an inverse relation between natural resource intensity and long-term growth, implying that the natural resources generally impede economic growth through various channels (the 'natural resource curse'). This paper departs from these studies by exploring the intersectoral linkages between oil and non-oil sectors in a cross-country perspective. The paper shows that the applicability of 'natural resource curse' across oilbased economies should be treated with caution as the externalities of the oil sector highly depend on the countries' degree of oil-intensity. In particular, the results show that, in low oil-intensity economies, the incentives to strengthen both fiscal and private sector institutions lead to positive inter-sectoral externalities. In contrast, weaker incentives in high oil-intensity economies adversely affect fiscal and private sector institutions and consequently lead to negative inter-sectoral externalities. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2010/118 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2010/118/001.2010.issue-118-en.xml  |z IMF e-Library