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National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
Monetary policy in resource-rich developing economies
 Aliyev, Ruslan
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Understanding the resource impact using matching
 Aliyev, Ilkin
We investigate the resource impact on economic growth using matching. Using a nonparametric minimum-distance matching method, we match the countries according to their observable characteristics, and estimate the relative growth rates of each matched pair. This way we are able to analyze the impact of the resources on relative growth rates, rather than on absolute growth rates as it has been done in the literature. Assuming correlation between observables and unobservables, the matching based on observables may control for unobservables as well. If this assumption is satisfied, matching allows us to control for more variables and to single out the direct effect of the resource abundance variable.
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