How robust is the natural resource curse?
AbstractPrior research has found that countries rich in resources grow slower than countries with few natural resources. This paper re-examines the natural resource curse using updated data. In addition, the robustness of the results to various sample choices is investigated. The resource curse appears to be sensitive to the sample of countries used in the regression. In fact, eliminating a single country eliminates the significance of the curse. However, extending the methodology to allow for variation of the growth rate across decades improves the robustness of the negative effect of natural resources on the growth rate.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal International Economic Journal.
Volume (Year): 22 (2008)
Issue (Month): 2 ()
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- Lucas Bretschger, 2010.
"Energy Prices, Growth and the Channels Imbetween: Theory and evidence,"
OxCarre Working Papers
034, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Lucas Bretschger, 2006. "Energy Prices, Growth,and the Channels in Between: Theory and Evidence," CER-ETH Economics working paper series 06/47, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
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