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Minerals, Openness, Institutions and Growth: An Empirical Analysis

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Author Info
James L. Butkiewicz () (Department of Economics,University of Delaware)
Halit Yanikkaya ()

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Abstract

Empirical evidence from a panel-data analysis indicates that a mineral resource curse exists for certain developing countries, but not for developed countries. Countries with weak institutions are cursed, while developing countries with strong institution are able to avoid the curse. These results are consistent the hypothesis that owners of mineral resources use weak institutions and openness to trade to stifle the development of human capital, to the detriment of growth of other sectors of the economy. Imports of manufactured goods substitute for the development of domestic manufacturing, so openness to trade correlates with lower growth in mineral dependent countries.

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File URL: http://www.lerner.udel.edu/economics/WorkingPapers/2007/UDWP2007-04.pdf
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Paper provided by University of Delaware, Department of Economics in its series Working Papers with number 07-04.

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Length: 26 pages
Date of creation: Mar 2007
Date of revision:
Handle: RePEc:dlw:wpaper:07-04.

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Postal: Purnell Hall, Newark, Delaware 19716
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Web page: http://www.lerner.udel.edu/departments/economics/
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Related research
Keywords: Mineral Resources; Institutional Quality; Economics Growth;

Find related papers by JEL classification:
Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O50 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - General

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    Other versions:
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