Commodity Windfalls, Polarization, and Net Foreign Assets : Panel Data Evidenceon the Voracity Effect »
Series: IMF Working Papers
Author(s): Markus Bruckner , and Rabah Arezki
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2010
Keywords: Commodity Windfalls, Net Foreign Assets, Polarization, foreign assets, net foreign asset, foreign asset, net foreign asset position, Equity, Justice, Inequality
This paper examines the effect that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from int...