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Natural Resources and Economic Growth: The Role of Investment Author info | Abstract | Publisher info | Download info | Related research | Statistics Thorvaldur Gylfason
Gylfi Zoega
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Is it possible that relying too heavily on natural resources affects saving and investment in a way that hampers economic growth? – and thus, in the long run, the level of output per capita. This paper reviews the literature, explores the data and compares and contrasts the explanatory power and interplay of natural resources and civil liberties, our proxy for institutional variables currently under scrutiny in the literature. We propose that natural resources may be viewed as an exogenous factor that hampers economic development and investment as well as institutions.
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Paper provided by DEGIT, Dynamics, Economic Growth, and International Trade in its series DEGIT Conference Papers with number
c009_011.
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Length: 19 pages
Date of creation: Jun 2004Date of revision:
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Keywords: Economic growth natural resources investment Other versions of this item:
Article Paper Gylfason, Thorvaldur & Zoega, Gylfi, 2001.
"Natural Resources and Economic Growth: The Role of Investment ,"
CEPR Discussion Papers
2743, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Thorvaldur Gylfason & Gylfi Zoega, 2001.
"Natural Resources and Economic Growth: The Role of Investment ,"
EPRU Working Paper Series
01-02, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
[Downloadable!] Thorvaldur Gylfason & Gylfi Zoega, 2002.
"Natural Resources And Economic Growth: The Role Of Investment ,"
Working Papers Central Bank of Chile
142, Central Bank of Chile.
[Downloadable!] Find related papers by JEL classification: O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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Larrain B., Felipe & Tavares, José, 2007.
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