Journal ArticleDOI
Is a negative correlation between resource abundance and growth sufficient evidence that there is a “resource curse”?
TLDR
This paper showed that the correlation between growth and natural resource abundance can be negative in the absence of market and institutional failures, and that correlation is not sufficient to conclude resources are a curse, nor is it necessary to find a positive correlation between the two variables to overturn the resource curse interpretation.About:
This article is published in Resources Policy.The article was published on 2011-03-01. It has received 144 citations till now. The article focuses on the topics: Resource curse & Natural resource.read more
Citations
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Journal ArticleDOI
The evolution of the natural resource curse thesis: A critical literature survey
TL;DR: The authors survey the evidence that resource dependence negatively affects economic growth, particularly working through factors closely associated with growth in developing countries, and argue that future research should better address endogeneity of dependence measures.
Journal ArticleDOI
The impact of globalization, natural resources abundance, and human capital on financial development: Evidence from thirty-one OECD countries
Syed Anees Haider Zaidi,Syed Anees Haider Zaidi,Zixiang Wei,Ayfer Gedikli,Muhammad Wasif Zafar,Muhammad Wasif Zafar,Fujun Hou,Yaser Iftikhar +7 more
TL;DR: In this paper, the authors examined the impact of globalization, natural resources, and human capital on financial development by controlling the effect of economic growth and capital in the Organization of Economic Cooperation and Development (OECD) countries.
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An empirical note on comparison between resource abundance and resource dependence in resource abundant countries
TL;DR: In this article, the relative effects of natural resource abundance and natural resource dependence on economic growth for the period of 1980-2015 in 35 natural resource abundant countries were explored for the purpose of examining the relationship between economic growth, natural resource rents per capita, natural resources share of gross domestic product, capital, trade openness and financial development.
Posted Content
The Resource Curse: A Statistical Mirage?
TL;DR: In this article, a slow-growing resource sector is shown to have little effect on the rest of the economy and the importance of considering industry composition in cross-country growth regressions.
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Resource rents, economic growth, and the role of institutional quality: A panel threshold analysis
TL;DR: In this paper, the authors used rule of law (i.e., institutional quality; IQ) as a threshold variable and revisited the nonlinear relationship between natural resource rent and economic growth under the resource curse hypothesis.
References
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Why Do Some Countries Produce so Much More Output Per Worker than Others
TL;DR: This paper showed that differences in physical capital and educational attainment can only partially explain the variation in output per worker, and that a large amount of variation in the level of the Solow residual across countries is driven by differences in institutions and government policies.
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Why do Some Countries Produce So Much More Output Per Worker than Others
Robert E. Hall,Charles I. Jones +1 more
TL;DR: This article showed that the differences in capital accumulation, productivity, and therefore output per worker are driven by differences in institutions and government policies, which are referred to as social infrastructure and called social infrastructure as endogenous, determined historically by location and other factors captured by language.
Posted Content
Natural Resource Abundance and Economic Growth
TL;DR: The authors showed that countries with a high ratio of natural resource exports to GDP tended to have low growth rates during the subsequent period 1971-89, even after controlling for variables found to be important for economic growth, such as initial per capita income, trade policy, government efficiency, investment rates, and other variables.
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The Economics of Exhaustible Resources
TL;DR: In this article, a discussion is confined in scope to absolutely irreplaceable assets, including peculiar problems of mineral wealth, free competition, maximum social value and state regulation, monopoly, value of a mine monopoly, retardation of production under monopoly, price effects from cumulated production, and the author's mathematically derived optimum solutions.
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The curse of natural resources
TL;DR: The authors showed that there is little direct evidence that omitted geographical or climate variables explain the curse of natural resources, or that there was a bias resulting from some other unobserved growth deterrent.