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The impact of oil rent, currency overvaluation, and institution quality, on economic growth of oil-rich countries: A heterogeneous panel data study

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This paper investigates several key challenges faced by oil-rich countries regarding their economic growth and development. First, it discusses how to determine currency overvaluation for these countries (if any). To determine the overvaluation, the real exchange rate (RER) is calculated and the Balassa–Samuelson effect is estimated via a regression model. Next, the study presents an empirical model for assessing the impact of oil rent on economic growth in the context of currency overvaluation and the institutional quality in every country.
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The impact of oil rent, currency overvaluation, and institution quality, on economic growth of oil-rich countries: A heterogeneous panel data study

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