Open Access
Natural Resource Abundance and Economic Growth Revisited
Chong-Sup Kim,Yeon-Sil Kim +1 more
- Vol. 21, Iss: 1, pp 43-64
TLDR
In this paper, the authors proposed a method to solve the problem of the lack of resources in the South Korean market, by using the concept of "social media" and "social networks".Abstract:
본 논문은 자원부국들의 천연자원 수출이 각기 다른 경제적 영향을 보이는 이유에 대해 연구하였다. 가령 라틴아메리카의 경우 다른 자원부국들과는 달리 저조한 경제성장을 보였다. 이에 대해 선행연구에서는 천연자원의 풍요가 오히려 경제성장에 부정적인 영향을 준다고 논증한 바 있다. 그러나 본 연구에서는 1인당 국민소득이 어느 수준 이상일 경우 천연자원 수출과 경제성장 간의 역의 상관관계가 존재하지 않음을 보이고 있다. 분석에 따르면, 1인당 국민소득이 낮은 라틴아메리카 국가들의 경우 풍부한 천연자원이 경제성장에 부정적인 영향을 미치는 반면, 1인당 국민소득이 높은 선진국의 경우 이러한 음의 효과가 나타나지 않았다. 이같이 천연자원 수출이 자원부국들 간 서로 다른 영향을 보인 이유는, 정부의 효율성, 법치, 부패통제 등 ‘제도의 질’이 낮은 라틴아메리카의 경우 천연자원 수출로 얻은 자원을 비효율적으로 활용하여 인적·물적 자원을 축적하지 못했으며, 이로 인해 궁극적으로 저조한 경제성장을 이루게 되었다는 데 있다.read more
Citations
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Journal Article
The Dutch Disease in Unwonted Places – Why has Croatia been Infected while Slovenia Remains in Good Health?
Tanja Broz,Dinko Dubravcic +1 more
TL;DR: In this article, the Dutch disease results from excessive total foreign exchange inflows from various sources such as tourists, workers' remittances and net capital inflows in Croatia and Slovenia, and the consequences were an appreciation of the domestic currency in Croatia while the Slovenian Tolar exhibited a constant tendency to depreciate.
Three essays in transition economics
TL;DR: The authors investigated the relationship between official development assistance, foreign direct investment (FDI) and domestic investment in landlocked and less studied young economies of Central Asia and concluded that there is evidence of public-private investment partnership.
Book ChapterDOI
Taxes, Natural Resource Endowment, and the Supply of Labor: New Evidence
Weshah Razzak,Belkacem Laabas +1 more
Abstract: Using the work – leisure choice model, this paper computes equilibrium hours-worked for a number of Arab, non-oil-producing and labor-abundant countries and major oil-producing, tax-free and labor-scarce countries, for which actual data are unavailable. We estimate hours-worked for the G7, and show that the model fits the data well. We use this evidence as a yardstick to evaluate the model for the Arab countries for which no actual data are available. The model explains hours-worked in Arab, non-oil-producing countries well, but it fails to explain hours-worked in the oil-producing – tax-free countries. With the effective marginal tax rate close to zero, hours-worked increase significantly. We show that natural resource endowment is a required predicting factor for the model in this case. It turned out that natural resource capital acts exactly as a tax. In other words, it increases the wedge between real wages and marginal productivity, hence, natural resource wedge. The higher the natural resource endowment the less hours people worked. Most importantly, we provide a wider support to the model and confirm that the labor supply is elastic in all Arab countries. This finding confirms previous research that workers respond to incentives, which has serious implications for tax and social security policies. We also provide some policy simulation pertinent to poverty and welfare.
Dissertation
Strategies for Maximizing the Social Benefit from the Exploitation of Gypsum Mineral Resource of Thailand
TL;DR: In this article, the authors present a Table of Table of Contents for the paper "Acknowledgements, Declaration, and Table of Tables of Abstractions" ( Table 5.1.
Proceedings ArticleDOI
Resource Status and Curse Threshold -- An Empirical Study Based on Cross-national Panel Data
TL;DR: In this article, the authors investigated the nonlinear relationship between natural resource economic growth and resource curse threshold, with particular attention paid to the impact on resource curse of the resource status i.e. the global economic development mode.
References
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Journal ArticleDOI
The Resource Curse Revisited and Revised: A Tale of Paradoxes and Red Herrings
TL;DR: The authors evaluate the empirical basis for the so-called resource curse and find that, despite the topic's popularity in economics and political science research, this apparent paradox may be a red herring.
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.
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Growth, Development and Natural Resources: New Evidence Using a Heterogeneous Panel Analysis
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Journal ArticleDOI
Resources for Sale: Corruption, Democracy and the Natural Resource Curse
Richard Damania,Erwin Bulte +1 more
TL;DR: This paper developed a game in which rent seeking firms interact with corrupt governments to generate the ''resource curse'' and test their predictions by adding measures of democracy and authoritarianism to existing regression models of the resource curse, and obtain support for their hypotheses.
Journal ArticleDOI
Rule of Law and the Resource Curse: Abundance Versus Intensity
TL;DR: In this article, the authors examined the resource curse using new data on historic resource stocks and an improved econometric methodology, focusing on the relationships between resources and rule of law.
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