It takes the average reader and 14 minutes to read Resource Windfalls and Emerging Market Sovereign Bond Spreads by Mr. Rabah Arezki
Assuming a reading speed of 250 words per minute. Learn more
We examine the effect that revenue windfalls from international commodity price shocks have on sovereign bond spreads using panel data for 30 emerging market economies during the period 1997-2007. Our main finding is that positive commodity price shocks lead to a significant reduction in the sovereign bond spread in democracies, but to a significant increase in the spread in autocracies. To explain our finding we show that, consistent with the political economy literature on the resource curse, revenue windfalls from international commodity price shocks significantly increased real per capita GDP growth in democracies, while in autocracies GDP per capita growth decreased.
Resource Windfalls and Emerging Market Sovereign Bond Spreads by Mr. Rabah Arezki is 14 pages long, and a total of 3,556 words.
This makes it 5% the length of the average book. It also has 4% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 19 minutes to read Resource Windfalls and Emerging Market Sovereign Bond Spreads aloud.
Resource Windfalls and Emerging Market Sovereign Bond Spreads is suitable for students ages 6 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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