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Publications [#325931] of Pietro F. Peretto

Journal Articles

  1. Ferraro, D; Peretto, PF, Commodity Prices and Growth, The Economic Journal, vol. 128 no. 616 (December, 2018), pp. 3242-3265, Oxford University Press (OUP) [doi]
    (last updated on 2019/06/18)

    Abstract:
    © 2017 Royal Economic Society In this article, we propose an endogenous growth model of commodity-rich economies in which: (i) long-run (steady-state) growth is endogenous and yet independent of commodity prices; (ii) commodity prices affect short-run growth through transitional dynamics; and (iii) the status of net commodity importer/exporter is endogenous. We argue that these predictions are consistent with historical evidence from the 19th to the 21st century.


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