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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106)



JOURNAL OF APPLIED BUSINESS AND ECONOMICS

Oil Windfall Shocks, Government Spending, and the Resource Curse

Author(s): Amany A. El Anshasy

Citation: Amany A. El Anshasy, (2011) "Oil Windfall Shocks, Government Spending, and the Resource Curse," Journal of Applied Business and Economics, Vol. 12, Iss. 4, pp. 44 - 63

Article Type: Research paper

Publisher: North American Business Press

Abstract:

I find evidence that the “curse” outcome in oil-abundant economies only holds when large oil windfall
shocks of the 1970s and 2000s are considered. The “curse” stems from and its magnitude is determined
by: (i) the effect of oil windfall shocks; (ii) the composition of public spending. Therefore, oil resources
may or may not be a “curse” depending on how oil rents are put to use and on the quality of windfall
management. The policy implication for oil-exporting countries is that institutional reforms which lead to
better and transparent resource management are essential ingredients to any diversification and growth
strategy.