scispace - formally typeset
Open Access

Natural Resource Abundance and Economic Growth Revisited

Chong-Sup 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
More filters
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

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.
Journal ArticleDOI

Is a negative correlation between resource abundance and growth sufficient evidence that there is a “resource curse”?

TL;DR: 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.
References
More filters
Journal ArticleDOI

Development outcomes, resource abundance, and the transmission through inequality

TL;DR: In this article, the effect of resource abundance on human development was investigated and it was shown that resource abundance increases the inequality of income distribution within a country and higher income inequality reduces human development.
Journal ArticleDOI

Economic implications of long distance commuting in the Chilean mining industry

TL;DR: More than 10% of the labor force that works in Antofagasta lives in other regions, commuting on average more than 800 kilometres in a shift system that allows working several days in a row followed by several days off as mentioned in this paper.
Journal ArticleDOI

An Empirical Analysis of a Regional Dutch Disease: The Case of Canada

TL;DR: In this paper, the authors examined the local and spatial impacts of resource windfalls across Canadian provinces and territories and constructed a new panel dataset to examine separately the key Dutch Disease channels; namely, the Spending Effect and the Resource Movement Effect.
Journal ArticleDOI

Value Chain Dynamics of Chinese Copper Mining in Zambia: Enclave or Linkage Development?

TL;DR: In this article, the distinctive nature of Chinese FDI in Africa, specifically copper mining value chains in Zambia and local sourcing linkages, is discussed. But the focus of this paper is on the role of linkages between mining activities and local suppliers in terms of access, delineation of critical success factors and upgrading strategies.
Journal Article

Community Expectations from Ghana's New Oil Find: Conceptualizing Corporate Social Responsibility as a Grassroots-Oriented Process

Nathan Andrews
- 01 Jan 2013 - 
TL;DR: The authors argues for corporate social responsibility to be more grassroots-oriented, premised on the position that it is supremely important for extractive companies to adopt policies of social and environmental sustainability.