Hidden Bibliographic Details
| Other authors / contributors: | Gueye, Cheikh A. (Cheikh Anta)
International Monetary Fund. African Department.
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| ISBN: | 1484336399
9781484336397
9781484336397
1484336682
9781484336687
1484336585
9781484336588
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| Notes: | "April 2015."
"African Department."
Includes bibliographical references (pages 36-38).
English.
Online resource; title from pdf title page (IMF.org Web site, viewed May 1, 2015).
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| Summary: | 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. --Abstract.
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| Other form: | Print Version: 9781484336397
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| Standard no.: | 10.5089/9781484336397.001
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