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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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.
Journal ArticleDOI
Growth, Development and Natural Resources: New Evidence Using a Heterogeneous Panel Analysis
TL;DR: In this paper, a theory consistent econometric model was developed to investigate the long run relationship between real income, the investment rate, and the real value of oil production and showed that oil abundance has a positive effect on both long run income levels and short run economic growth.
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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