26 avril 2019

Heure: 9h00
Lieu: DES-2237

Description de l'événement

Le professeur Arthur Silve vous invite à la prochaine séance des "déjeuners de l'économie", vendredi 26 avril, à 9h00, au local DES-2237.
La lecture proposée est : "Threshold Regressions for the Resource Curse", par Nicolas Clootens et Djamel Kirat.

Comme d'habitude, le Département d'économique vous offre café et croissants.

Ci-dessous le résumé du papier.
Abstract: This paper analyzes the behavior of cross-country growth rates with respect to resource abundance and dependence. We reject the linear model that is commonly used in growth regressions in favor of a multiple-regime alternative. Using a formal sample-splitting method, we find that countries exhibit different behaviors with respect to natural resources depending on their initial level of development. In high-income countries, natural resources play only a minor role in explaining the differences in national growth rates. On the contrary, in low-income countries abundance seems to be a blessing but dependence restricts growth.