The Impact Of Commodity Price Volatility On Resource Intensive Economies
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Marcel Fafchamps, 2003. "Rural Poverty, Risk and Development," Books, Edward Elgar Publishing, number 3127.
- Brunnschweiler, Christa N. & Bulte, Erwin H., 2008.
"The resource curse revisited and revised: A tale of paradoxes and red herrings,"
Journal of Environmental Economics and Management, Elsevier, vol. 55(3), pages 248-264, May.
- Christa N. Brunnschweiler & Erwin H. Bulte, 2006. "The Resource Curse Revisited and Revised: A Tale of Paradoxes and Red Herrings," CER-ETH Economics working paper series 06/61, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- David S. Jacks & Kevin H. O'Rourke & Jeffrey G. Williamson, 2011.
"Commodity Price Volatility and World Market Integration since 1700,"
The Review of Economics and Statistics, MIT Press, vol. 93(3), pages 800-813, August.
- Williamson, Jeffrey G. & O'Rourke, Kevin & Jacks, David, 2009. "Commodity Price Volatility and World Market Integration since 1700," CEPR Discussion Papers 7190, C.E.P.R. Discussion Papers.
- David S. Jacks, Kevin H. O'Rourke and Jeffrey G. Williamson, 2009. "Commodity Price Volatility and World Market Integration since 1700," The Institute for International Integration Studies Discussion Paper Series iiisdp284, IIIS.
- David S. Jacks, Kevin H. O'Rourke and Jeffrey G. Williamson, 2009. "Commodity Price Volatility and World Market Integration since 1700," The Institute for International Integration Studies Discussion Paper Series iiisdp280, IIIS.
- David S. Jacks & Kevin H. O'Rourke & Jeffrey G. Williamson, 2009. "Commodity Price Volatility and World Market Integration since 1700," NBER Working Papers 14748, National Bureau of Economic Research, Inc.
- Serletis, Apostolos, 1992. "Export growth and Canadian economic development," Journal of Development Economics, Elsevier, vol. 38(1), pages 133-145, January.
- John Livernois & Henry Thille & Xianqiang Zhang, 2006.
"A test of the Hotelling rule using old-growth timber data,"
Canadian Journal of Economics, Canadian Economics Association, vol. 39(1), pages 163-186, February.
- John Livernois & Henry Thille & Xianqiang Zhang, 2006. "A test of the Hotelling rule using old‐growth timber data," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(1), pages 163-186, February.
- Livernois, J. & Thille, H. & Zhang, X., 2003. "A Test of the Hotelling Rule Using Old-Growth Timber Data," Working Papers 2003-4, University of Guelph, Department of Economics and Finance.
- Easterly, William & Kremer, Michael & Pritchett, Lant & Summers, Lawrence H., 1993.
"Good policy or good luck?: Country growth performance and temporary shocks,"
Journal of Monetary Economics, Elsevier, vol. 32(3), pages 459-483, December.
- William Easterly & Michael Kremer & Lant Pritchett & Lawrence H. Summers, 1993. "Good Policy or Good Luck? Country Growth Performance and Temporary Shocks," NBER Working Papers 4474, National Bureau of Economic Research, Inc.
- Stephen A. Ross, 2013.
"The Arbitrage Theory of Capital Asset Pricing,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 1, pages 11-30,
World Scientific Publishing Co. Pte. Ltd..
- Ross, Stephen A., 1976. "The arbitrage theory of capital asset pricing," Journal of Economic Theory, Elsevier, vol. 13(3), pages 341-360, December.
- Stephen A. Ross, "undated". "The Arbitrage Theory of Capital Asset Pricing," Rodney L. White Center for Financial Research Working Papers 02-73, Wharton School Rodney L. White Center for Financial Research.
- Stephen A. Ross, "undated". "The Arbitrage Theory of Capital Asset Pricing," Rodney L. White Center for Financial Research Working Papers 2-73, Wharton School Rodney L. White Center for Financial Research.
- Sambit Bhattacharyya & Jeffrey G. Williamson, 2011.
"Commodity Price Shocks And The Australian Economy Since Federation,"
Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 51(2), pages 150-177, July.
- Sambit Bhattacharyya & Jeffrey G. Williamson, 2009. "Commodity Price Shocks and the Australian Economy since Federation," CEPR Discussion Papers 605, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- Sambit Bhattacharyya & Jeffrey G Williamson, 2010. "Commodity Price Shocks and the Australian Economy since Federation," OxCarre Working Papers 041, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Sambit Bhattacharyya & Jeffrey G Williamson, 2009. "Commodity Price Shocks and the Australian Economy since Federation," Departmental Working Papers 2009-02, The Australian National University, Arndt-Corden Department of Economics.
- Sambit Bhattacharyya & Jeffrey G. Williamson, 2009. "Commodity Price Shocks and the Australian Economy since Federation," NBER Working Papers 14694, National Bureau of Economic Research, Inc.
- Acemoglu, Daron & Johnson, Simon & Robinson, James & Thaicharoen, Yunyong, 2003.
"Institutional causes, macroeconomic symptoms: volatility, crises and growth,"
Journal of Monetary Economics, Elsevier, vol. 50(1), pages 49-123, January.
- Acemoglu, Daron & Johnson, Simon & Robinson, James A., 2002. "Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth," CEPR Discussion Papers 3537, C.E.P.R. Discussion Papers.
- Acemoglu, Daron & Johnson, Simon & Robinson, James A. & Thaicharoen, Yunyong, 2002. "Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth," CEPR Discussion Papers 3575, C.E.P.R. Discussion Papers.
- Daron Acemoglu & Simon Johnson & James Robinson & Yunyong Thaicharoen, 2002. "Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth," NBER Working Papers 9124, National Bureau of Economic Research, Inc.
- Miklós Koren & Silvana Tenreyro, 2007.
"Volatility and Development,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(1), pages 243-287.
- Koren, Miklos & Tenreyro, Silvana, 2005. "Volatility and development," LSE Research Online Documents on Economics 3743, London School of Economics and Political Science, LSE Library.
- Miklos Koren & Silvana Tenreyro, 2005. "Volatility and Development," CEP Discussion Papers dp0706, Centre for Economic Performance, LSE.
- Koren, Miklos & Tenreyro, Silvana, 2005. "Volatility and development," LSE Research Online Documents on Economics 5312, London School of Economics and Political Science, LSE Library.
- Koren, Miklós & Tenreyro, Silvana, 2005. "Volatility and Development," CEPR Discussion Papers 5307, C.E.P.R. Discussion Papers.
- Ramey, Garey & Ramey, Valerie A, 1995.
"Cross-Country Evidence on the Link between Volatility and Growth,"
American Economic Review, American Economic Association, vol. 85(5), pages 1138-1151, December.
- Garey Ramey & Valerie A. Ramey, 1994. "Cross-Country Evidence on the Link Between Volatility and Growth," NBER Working Papers 4959, National Bureau of Economic Research, Inc.
- El-Sharif, Idris & Brown, Dick & Burton, Bruce & Nixon, Bill & Russell, Alex, 2005. "Evidence on the nature and extent of the relationship between oil prices and equity values in the UK," Energy Economics, Elsevier, vol. 27(6), pages 819-830, November.
- Venables, Anthony J. & Maloney, William & Kokko, Ari & Bravo Ortega, Claudio & Lederman, Daniel & Rigobón, Roberto & De Gregorio, José & Czelusta, Jesse & Jayasuriya, Shamila A. & Blomström, Magnus & , 2007.
"Natural Resources: Neither Curse nor Destiny,"
IDB Publications (Books),
Inter-American Development Bank, number 350.
- Daniel Lederman & William F. Maloney, 2007. "Natural Resources : Neither Curse nor Destiny," World Bank Publications - Books, The World Bank Group, number 7183.
- Ian Keay, 2009. "Resource Specialization and Economic Performance: A Canadian Case Study, 1970-2005," Canadian Public Policy, University of Toronto Press, vol. 35(3), pages 291-313, September.
- Margaret E. Slade & Henry Thille, 1997.
"Hotelling Confronts CAPM: A Test of the Theory of Exhaustible Resources,"
Canadian Journal of Economics, Canadian Economics Association, vol. 30(3), pages 685-708, August.
- Margaret E. Slade & Henry Thille, 1994. "Hotelling Confronts CAPM: A Test of the Theory of Exhaustible Resources," CESifo Working Paper Series 73, CESifo.
- Philippe Aghion & Peter Howitt, 2009.
"The Economics of Growth,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262012634, April.
- Philippe Aghion & Peter Howitt, 2009. "The Economics of Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 9780262012638, April.
- Sadorsky, Perry & Henriques, Irene, 2001. "Multifactor risk and the stock returns of Canadian paper and forest products companies," Forest Policy and Economics, Elsevier, vol. 3(3-4), pages 199-208, November.
- Prados de la Escosura, Leandro, 2000. "International Comparisons of Real Product, 1820-1990: An Alternative Data Set," Explorations in Economic History, Elsevier, vol. 37(1), pages 1-41, January.
- Lewis, Frank D, 1975. "The Canadian Wheat Boom and Per Capita Income: New Estimates," Journal of Political Economy, University of Chicago Press, vol. 83(6), pages 1249-1257, December.
- Jones, Charles M & Kaul, Gautam, 1996. "Oil and the Stock Markets," Journal of Finance, American Finance Association, vol. 51(2), pages 463-491, June.
- Frederick van der Ploeg & Steven Poelhekke, 2009.
"Volatility and the natural resource curse,"
Oxford Economic Papers, Oxford University Press, vol. 61(4), pages 727-760, October.
- Rick Van der Ploeg & Steven Poelhekke, 2008. "Volatility and the Natural Resource Curse," OxCarre Working Papers 003, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Chen, Yu-chin & Rogoff, Kenneth, 2003. "Commodity currencies," Journal of International Economics, Elsevier, vol. 60(1), pages 133-160, May.
- Neher,Philip A., 1990. "Natural Resource Economics," Cambridge Books, Cambridge University Press, number 9780521311748, October.
- Keay, Ian & Redish, Angela, 2004. "The micro-economic effects of financial market structure: evidence from 20th century North American steel firms," Explorations in Economic History, Elsevier, vol. 41(4), pages 377-403, October.
- Inwood Kris & Stengos Thanasis, 1995. "REJOINDER Segmented Trend Models of Canadian Economic Growth," Explorations in Economic History, Elsevier, vol. 32(2), pages 253-261, April.
- Aghion, Philippe & Bacchetta, Philippe & Rancière, Romain & Rogoff, Kenneth, 2009.
"Exchange rate volatility and productivity growth: The role of financial development,"
Journal of Monetary Economics, Elsevier, vol. 56(4), pages 494-513, May.
- Philippe Aghion & Philippe Bacchetta & Romain Ranciere & Kenneth Rogoff, 2006. "Exchange Rate Volatility and Productivity Growth: The Role of Financial Development," NBER Working Papers 12117, National Bureau of Economic Research, Inc.
- Philippe Aghion & Philippe Baccheta & Romain Ranciere & Kenneth Rogoff, 2006. "Exchange Rate Volatility and Productivity Growth: The Role of Financial Development," Swiss Finance Institute Research Paper Series 06-16, Swiss Finance Institute.
- Rogoff, Kenneth & Bacchetta, Philippe & Aghion, Philippe & Rancière, Romain, 2006. "Exchange Rate Volatility and Productivity Growth: The Role of Financial Development," CEPR Discussion Papers 5629, C.E.P.R. Discussion Papers.
- Philippe Aghion & Philippe Bacchetta & Romain Ranciere & Kenneth Rogoff, 2006. "Exchange Rate Volatility and Productivity Growth: The Role of Financial Development," Working Papers 06.02, Swiss National Bank, Study Center Gerzensee.
- Aghion, Philippe & Bacchetta, Philippe & Ranciere, Romain & Rogoff, Kenneth S., 2009. "Exchange Rate Volatility and Productivity Growth: The Role of Financial Development," Scholarly Articles 12490419, Harvard University Department of Economics.
- Philippe Aghion & Philippe Bacchetta & Romain Rancière & Kenneth Rogoff, 2009. "Exchange rate volatility and productivity growth: The role of financial development," Post-Print halshs-00754377, HAL.
- Keay, Ian, 2007. "The Engine or the Caboose? Resource Industries and Twentieth-Century Canadian Economic Performance," The Journal of Economic History, Cambridge University Press, vol. 67(1), pages 1-32, March.
- Dercon, Stefan (ed.), 2004. "Insurance Against Poverty," OUP Catalogue, Oxford University Press, number 9780199276837.
- Denise Young, 1992. "Cost Specification and Firm Behaviour in a Hotelling Model of Resource Extraction," Canadian Journal of Economics, Canadian Economics Association, vol. 25(1), pages 41-59, February.
- Blattman, Christopher & Hwang, Jason & Williamson, Jeffrey G., 2007. "Winners and losers in the commodity lottery: The impact of terms of trade growth and volatility in the Periphery 1870-1939," Journal of Development Economics, Elsevier, vol. 82(1), pages 156-179, January.
- Fogli, Alessandra, 2003. "Comment on: "Institutional causes, macroeconomic symptoms: volatility, crises and growth"," Journal of Monetary Economics, Elsevier, vol. 50(1), pages 125-131, January.
- Sadorsky, Perry, 2001. "Risk factors in stock returns of Canadian oil and gas companies," Energy Economics, Elsevier, vol. 23(1), pages 17-28, January.
- Edward J. Chambers & Donald F. Gordon, 1966. "Primary Products and Economic Growth: An Empirical Measurement," Journal of Political Economy, University of Chicago Press, vol. 74(4), pages 315-315.
- Lederman, Daniel & Maloney, William F., 2003. "Trade structure and growth," Policy Research Working Paper Series 3025, The World Bank.
- John G. Cragg & Burton G. Malkiel, 1982. "Expectations and the Structure of Share Prices," NBER Books, National Bureau of Economic Research, Inc, number crag82-1.
- Dick, Trevor J. O., 1982. "Canadian Newsprint, 1913–1930: National Policies and the North American Economy," The Journal of Economic History, Cambridge University Press, vol. 42(3), pages 659-687, September.
- Sachs, Jeffrey D. & Warner, Andrew M., 2001. "The curse of natural resources," European Economic Review, Elsevier, vol. 45(4-6), pages 827-838, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ian Keay & Cherie Metcalf, 2011. "Property Rights, Resource Access, and Long‐Run Growth," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 8(4), pages 792-829, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ian Keay, 2007. "Resource Rents and their Impact on Institutional and Economic Development," Working Paper 1143, Economics Department, Queen's University.
- Frederick Van der Ploeg & Steven Poelhekke, 2009. "The Volatility Curse: Revisiting the Paradox of Plenty," CESifo Working Paper Series 2616, CESifo.
- Nouf Alsharif & Sambit Bhattacharyya & Maurizio Intartaglia, 2016. "Economic Diversification in Resource Rich Countries: Uncovering the State of Knowledge," Working Paper Series 09816, Department of Economics, University of Sussex Business School.
- Frederick Van der Ploeg & Steven Poelhekke, 2009.
"The Volatility Curse: Revisiting the Paradox of Plenty,"
CESifo Working Paper Series
2616, CESifo.
- Frederick van der Ploeg & Steven Poelhekke, 2009. "The Volatility Curse: Revisiting the Paradox of Plenty," DNB Working Papers 206, Netherlands Central Bank, Research Department.
- Nouf Alsharif & Sambit Bhattacharyya & Maurizio Intartaglia, 2016. "Economic Diversification in Resource Rich Countries: Uncovering the State of Knowledge," Working Paper Series 9816, Department of Economics, University of Sussex.
- Frederick van der Ploeg, 2011.
"Natural Resources: Curse or Blessing?,"
Journal of Economic Literature, American Economic Association, vol. 49(2), pages 366-420, June.
- Rick Van der Ploeg, 2008. "Natural Resources: Curse or Blessing?," OxCarre Working Papers 005, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Frederick Van der Ploeg, 2010. "Natural Resources: Curse or Blessing?," CESifo Working Paper Series 3125, CESifo.
- Tiago V. De V. Cavalcanti & Kamiar Mohaddes & Mehdi Raissi, 2015.
"Commodity Price Volatility and the Sources of Growth,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 30(6), pages 857-873, September.
- Cavalcanti, T.V.de V. & Mohaddes, K. & Raissi, M., 2011. "Commodity Price Volatility and the Sources of Growth," Cambridge Working Papers in Economics 1112, Faculty of Economics, University of Cambridge.
- Tiago V. de V. Cavalcanti & Kamiar Mohaddes & Mehdi Raissi, 2011. "Commodity Price Volatility and The Sources of Growth," Working Papers 597, Economic Research Forum, revised 07 Jan 2011.
- Dauvin, Magali & Guerreiro, David, 2017.
"The Paradox of Plenty: A Meta-Analysis,"
World Development, Elsevier, vol. 94(C), pages 212-231.
- Magali Dauvin & David Guerreiro, 2016. "The Paradox of Plenty: A Meta-Analysis," EconomiX Working Papers 2016-14, University of Paris Nanterre, EconomiX.
- Magali Dauvin & David Guerreiro, 2017. "The paradox of plenty: a meta-analysis," Post-Print hal-01549811, HAL.
- David S. Jacks & Kevin H. O'Rourke & Jeffrey G. Williamson, 2011.
"Commodity Price Volatility and World Market Integration since 1700,"
The Review of Economics and Statistics, MIT Press, vol. 93(3), pages 800-813, August.
- Williamson, Jeffrey G. & O'Rourke, Kevin & Jacks, David, 2009. "Commodity Price Volatility and World Market Integration since 1700," CEPR Discussion Papers 7190, C.E.P.R. Discussion Papers.
- David S. Jacks & Kevin H. O'Rourke & Jeffrey G. Williamson, 2009. "Commodity Price Volatility and World Market Integration since 1700," NBER Working Papers 14748, National Bureau of Economic Research, Inc.
- David S. Jacks, Kevin H. O'Rourke and Jeffrey G. Williamson, 2009. "Commodity Price Volatility and World Market Integration since 1700," The Institute for International Integration Studies Discussion Paper Series iiisdp280, IIIS.
- David S. Jacks, Kevin H. O'Rourke and Jeffrey G. Williamson, 2009. "Commodity Price Volatility and World Market Integration since 1700," The Institute for International Integration Studies Discussion Paper Series iiisdp284, IIIS.
- Sambit Bhattacharyya & Jeffrey Williamson, 2013.
"Distributional Impact of Commodity Price Shocks: Australia over a Century,"
CEH Discussion Papers
019, Centre for Economic History, Research School of Economics, Australian National University.
- Sambit Bhattacharyya & Jeffrey G Williamson, 2013. "Distributional Impact of Commodity Price Shocks: Australia over a century," OxCarre Working Papers 117, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Sambit Bhattacharyya & Jeffrey G. Williamson, 2013. "Distributional Impact of Commodity Price Shocks: Australia over a Century," CSAE Working Paper Series 2013-11, Centre for the Study of African Economies, University of Oxford.
- Williamson, Jeffrey G. & Bhattacharyya, Sambit, 2013. "Distributional Impact of Commodity Price Shocks: Australia over a Century," CEPR Discussion Papers 9582, C.E.P.R. Discussion Papers.
- Samuel Wills, 2015. "Seven Principles for Managing Resource Wealth," Economics Series Working Papers OxCarre Research Paper 15, University of Oxford, Department of Economics.
- Pierre-Emmanuel Darpeix, 2019. "Literature review on the consequences of food price spikes and price volatility," Working Papers hal-02072329, HAL.
- Markus Brueckner & Francisco Carneiro, 2017.
"Terms of trade volatility, government spending cyclicality, and economic growth,"
Review of International Economics, Wiley Blackwell, vol. 25(5), pages 975-989, November.
- Markus Brueckner & Francisco Carneiro, 2016. "Terms of Trade Volatility, Government Spending Cyclicality, and Economic Growth," ANU Working Papers in Economics and Econometrics 2016-638, Australian National University, College of Business and Economics, School of Economics.
- Markus Brueckner & Francisco Carneiro, 2016. "Terms of trade volatility, government spending cyclicality, and economic growth," CAMA Working Papers 2016-36, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- International Monetary Fund, 2012. "Commodity Price Volatility and the Sources of Growth," IMF Working Papers 2012/012, International Monetary Fund.
- Sambit Bhattacharyya & Jeffrey G. Williamson, 2016. "Distributional Consequences of Commodity Price Shocks: Australia Over A Century," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(2), pages 223-244, June.
- Adrian Boos & Karin Holm‐Müller, 2012. "A theoretical overview of the relationship between the resource curse and genuine savings as an indicator for “weak” sustainability," Natural Resources Forum, Blackwell Publishing, vol. 36(3), pages 145-159, August.
- Pierre-Emmanuel Darpeix, 2019. "Literature review on the consequences of food price spikes and price volatility," PSE Working Papers hal-02072329, HAL.
- Federico, Giovanni & Vasta, Michelangelo, 2010.
"Was industrialization an escape from the commodity lottery? Evidence from Italy, 1861-1939,"
Explorations in Economic History, Elsevier, vol. 47(2), pages 228-243, April.
- Henri, Pr Atangana Ondoa, 2019. "Natural resources curse: A reality in Africa," Resources Policy, Elsevier, vol. 63(C), pages 1-1.
More about this item
Keywords
price volatility; resource based growth; simulation modeling;
All these keywords.JEL classification:
- O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
- Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qed:wpaper:1274. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mark Babcock (email available below). General contact details of provider: https://edirc.repec.org/data/qedquca.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.