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161223 ||| eng |
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|a 9781484336397
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| 100 |
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|a Lee, Munseob
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| 245 |
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|a Do Resource Windfalls Improve the Standard of Living in Sub-Saharan African Countries?
|b Evidence from a Panel of Countries
|c Munseob Lee, Cheikh Gueye
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2015
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| 300 |
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|a 38 pages
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| 651 |
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4 |
|a United States
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| 653 |
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|a Health
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| 653 |
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|a Income
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| 653 |
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|a Energy
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| 653 |
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|a Economywide Country Studies: Africa
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| 653 |
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|a Income distribution
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| 653 |
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|a Personal income
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| 653 |
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|a Natural resources
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| 653 |
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|a Other Primary Products
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| 653 |
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|a Environment
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| 653 |
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|a Agricultural and Natural Resource Economics
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| 653 |
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|a Exhaustible Resources and Economic Development
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| 653 |
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|a Natural Resources
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| 653 |
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|a Environmental management
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| 653 |
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|a Aggregate Factor Income Distribution
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| 653 |
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|a Resource Booms
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| 653 |
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|a National accounts
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| 653 |
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|a Personal Income, Wealth, and Their Distributions
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| 653 |
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|a Health economics
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| 653 |
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|a Nonrenewable Resources and Conservation: Government Policy
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| 653 |
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|a Health: General
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| 653 |
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|a Macroeconomic Analyses of Economic Development
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| 653 |
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|a Economic Development: Agriculture
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| 653 |
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|a Welfare, Well-Being, and Poverty: General
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| 653 |
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|a Multiple or Simultaneous Equation Models: Models with Panel Data
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Environmental and Ecological Economics: General
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| 653 |
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|a Income inequality
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| 700 |
1 |
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|a Gueye, Cheikh
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781484336397.001
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| 856 |
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|u https://elibrary.imf.org/view/journals/001/2015/083/001.2015.issue-083-en.xml?cid=42847-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three different groups of countries: We find that in the short-run resource windfall is welfare enhancing in the whole sample, especially via increases in income and decreases in inequality. However, in SSA countries, the size of welfare improvement is small and it is smaller and almost zero after one year in fragile Sub-Saharan African (SSA) countries. In the whole sample, a resource windfall shock leads to significant welfare growth even in the long-run, but we couldn’t find any significant long-run effect of resource windfall in SSA countries
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