01926cas a2200253 a 4500 AALejournalIMF015166 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484336397 1018-5941 BD-DhAAL BD-DhAAL Lee, Munseob. Do Resource Windfalls Improve the Standard of Living in Sub-Saharan African Countries? : Evidence from a Panel of Countries / Munseob Lee, Cheikh Gueye. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfall on welfare in three different groups of countries: We find that in the short-run resource windfall is welfare enhancing in the whole sample, especially via increases in income and decreases in inequality. However, in SSA countries, the size of welfare improvement is small and it is smaller and almost zero after one year in fragile Sub-Saharan African (SSA) countries. In the whole sample, a resource windfall shock leads to significant welfare growth even in the long-run, but we couldn't find any significant long-run effect of resource windfall in SSA countries. Mode of access: Internet Gueye, Cheikh. IMF Working Papers; Working Paper ; No. 2015/083 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/083/001.2015.issue-083-en.xml IMF e-Library