Growth volatility and resource curse: Does financial development dampen the oil shocks?

Maryam Moradbeigi and Siong Hook Law

Resources Policy, 2016, vol. 48, issue C, 97-103

Abstract: We assess whether well-developed financial system can moderate the positive association between oil volatility and growth volatility. Using a core sample of 63 oil-producing countries over the period 2000–2010, the empirical analysis confirms a negative link between oil terms of trade volatility and growth volatility. In addition, we find evidence that financial development dampens the effect of oil terms of trade volatility.

Keywords: Financial development; Oil volatility; Growth volatility (search for similar items in EconPapers)
JEL-codes: G20 O13 O40 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:48:y:2016:i:c:p:97-103

DOI: 10.1016/j.resourpol.2016.02.009

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