Journal ArticleDOI
Natural resources, education, and economic development
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TLDR
The authors found that economic growth has varied inversely with the share of natural capital in national wealth across countries, and that natural capital appears to crowd out human capital, thereby slowing down the pace of economic development.About:
This article is published in European Economic Review.The article was published on 2001-05-01. It has received 1757 citations till now. The article focuses on the topics: Natural capital & Capital accumulation.read more
Citations
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Does Trade Cause Growth
TL;DR: This paper found that trade has a quantitatively large and robust, though only moderately statistically significant, positive effect on income and that countries' geographic characteristics have important effects on trade, and are plausibly uncorrelated with other determinants of income.
Journal ArticleDOI
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.
Posted Content
Inequality and Economic Growth: The Perspective of the New Growth Theories
TL;DR: This paper analyzed the relationship between inequality and economic growth from two directions, showing that when capital markets are imperfect, there is not necessarily a trade-off between equity and efficiency, and provided an explanation for two recent empirical findings, namely, the negative impact of inequality and the positive effect of redistribution upon growth.
Posted Content
Natural Resources: Curse or Blessing?
TL;DR: This paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources and offers some welfare-based fiscal rules for harnessing resource windfalls in developed and developing economies.
Journal ArticleDOI
Political foundations of the resource curse
TL;DR: The authors argue that politicians tend to over-extract natural resources relative to the efficient extraction path because they discount the future too much, and resource booms improve the efficiency of the extraction path.
References
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Book
Development as Freedom
TL;DR: In this paper, Amartya Sen quotes the eighteenth century poet William Cowper on freedom: Freedom has a thousand charms to show, That slaves howe'er contented, never know.
Book
Principles of Economics
TL;DR: In this article, the authors present a survey of the general relations of demand, supply, and value in terms of land, labour, capital, and industrial organization, with an emphasis on the fertility of land.
Journal ArticleDOI
Does Trade Cause Growth
TL;DR: This paper found that trade has a quantitatively large and robust, though only moderately statistically significant, positive effect on income and that countries' geographic characteristics have important effects on trade, and are plausibly uncorrelated with other determinants of income.
Book ChapterDOI
Corruption and Development: A Review of Issues
TL;DR: In this article, the authors discuss the reasons for the persistence of corruption that have to do with frequency-dependent equilibria or intertemporal externalities, and suggest that corruption may actually improve efficiency and help growth.