Commodity Price Volatility and the Sources of Growth
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as a cr...
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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2012
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| Series: | IMF Working Papers ;
Working Paper No. 12/12 IMF Working Papers; Working Paper ; No. 2012/012 IMF eLibrary |
| Subjects: |