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The Curse of Natural Resources

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Author Info

  • Katharina Wick
  • Erwin Bulte

    ()
    (Department of Economics, Tilburg University, 5000 LE Tilburg, The Netherlands
    Development Economics Group, Wageningen University, 6700 EW Wageningen, Netherlands; Oxford Center for the Analysis of Resource-Rich Economies (OxCarre), Oxford, OX1 3UQ, United Kingdom)

Abstract

A large literature has developed that documents a negative association between the presence of natural resources and economic development. In this paper we explore the empirics and theories of the so-called resource curse and try to assess its robustness. We conclude that there are many open questions and that the case of the curse needs revision and nuance.

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File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev.resource.050708.144219
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Bibliographic Info

Article provided by Annual Reviews in its journal Annual Review of Resource Economics.

Volume (Year): 1 (2009)
Issue (Month): 1 (09)
Pages: 139-156

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Handle: RePEc:anr:reseco:v:1:y:2009:p:139-156

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Related research

Keywords: institutions; resources and conflict; resources and economic performance;

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Citations

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Cited by:
  1. Colin A. Carter & Gordon C. Rausser & Aaron Smith, 2011. "Commodity Booms and Busts," Annual Review of Resource Economics, Annual Reviews, vol. 3(1), pages 87-118, October.
  2. Blanco, Luisa & Grier, Robin, 2012. "Natural resource dependence and the accumulation of physical and human capital in Latin America," Resources Policy, Elsevier, vol. 37(3), pages 281-295.
  3. Ackah-Baidoo, Abigail, 2012. "Enclave development and ‘offshore corporate social responsibility’: Implications for oil-rich sub-Saharan Africa," Resources Policy, Elsevier, vol. 37(2), pages 152-159.
  4. Yaobin Liu, 2013. "Energy Production and Regional Economic Growth in China: A More Comprehensive Analysis Using a Panel Model," Energies, MDPI, Open Access Journal, vol. 6(3), pages 1409-1420, March.
  5. El Anshasy, Amany A. & Katsaiti, Marina-Selini, 2013. "Natural resources and fiscal performance: Does good governance matter?," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 285-298.
  6. Liu, Yaobin, 2014. "Is the natural resource production a blessing or curse for China's urbanization? Evidence from a space–time panel data model," Economic Modelling, Elsevier, vol. 38(C), pages 404-416.
  7. Elbra, Ainsley D., 2013. "The forgotten resource curse: South Africa's poor experience with mineral extraction," Resources Policy, Elsevier, vol. 38(4), pages 549-557.

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