We provide new insight into the oil curse hypothesis by considering the asymmetric reaction of aggregate and sector-level growth to positive and negative oil rent shocks. Using a Nonlinear Autoregressive Distributed Lag (NARDL) approach for the case…
We provide new insight into the oil curse hypothesis by considering the asymmetric reaction of aggregate and sector-level growth to positive and negative oil rent shocks. Using a Nonlinear Autoregressive Distributed Lag (NARDL) approach for the case…