Nigeria's oil boom has not brought an end to perennial stagnation in the non-oil economy. Is this the unavoidable consequence of the resource boom or have misguided policies contributed? This paper indicates that the extreme volatility of expenditure rather than Dutch Disease effects are behind the disappointing non-oil growth record. Fiscal policies failed to smooth highly volatile oil income; on the contrary government expenditure was more volatile...
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2007/06/01
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Documento de trabalho sobre pesquisa de políticas
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WPS4256
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1
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1
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2010/07/01
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Disclosed
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Nigeria's growth record : Dutch disease or debt overhang ?
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oil revenue
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