Foreign Resource Inflows, Saving, and Growth
| dc.creator | Obstfeld, Maurice | |
| dc.date | 2017-04-01T19:51:10Z | |
| dc.date.accessioned | 2026-07-09T10:23:00Z | |
| dc.description | This paper surveys aspects of the empirical and theoretical debate over the effects of foreign resource inflows on the national saving, investment, and growth of developing countries. The paper suggests a methodology for systematically studying the effects of resource inflows, based on standard optimal growth models modified for consistency with key empirical macro relations. A fairly robust normative implication even of representative-agent optimal consumption models is that much if not most of extra permanent resources should be consumed rather than invested. | |
| dc.identifier | doi:10.22004/ag.econ.233618 | |
| dc.identifier | https://ageconsearch.umn.edu/record/233618/files/cal-cider-c098-099.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/233618 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/618189 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/233618 | |
| dc.title | Foreign Resource Inflows, Saving, and Growth | |
| dc.type | Text |