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Did Botswana Escape From the Resource Curse?

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  • Atsushi Iimi

Abstract

Botswana is typical of the countries that are endowed with abundant natural resources. Although it is commonly accepted that resource-rich economies tend to fail in accelerating growth, Botswana has experienced the most remarkable economic performance in the region. Using the latest cross-country data, this study empirically readdresses the question of whether resource abundance can contribute to growth. It finds that governance determines the extent to which the growth effects of resource wealth can materialize. In developing countries in particular, the quality of regulation, such as the predictability of changes of regulations, and anticorruption policies, such as transparency and accountability in the public sector, are most important for effective natural resource management and growth.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 06/138.

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Length: 33
Date of creation: 01 Jun 2006
Date of revision:
Handle: RePEc:imf:imfwpa:06/138

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Related research

Keywords: Natural resources; Governance; Development; natural resource; natural resource abundance; natural resource management; middle-income countries; abundant natural resources; gold; natural resource wealth; world natural resource; copper; natural resource sector; natural resource development; natural resource extraction; exhaustible natural resources; silver; natural resource endowment; mineral resource; natural resource endowments; middle- income countries; water resources;

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Citations

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Cited by:
  1. Mary-Françoise Renard, 2011. "Working Paper 126 - China’s Trade and FDI in Africa," Working Paper Series 297, African Development Bank.
  2. Olivier Basdevant, 2008. "Are Diamonds Forever? Using the Permanent Income Hypothesis to Analyze Botswana's Reliance on Diamond Revenue," IMF Working Papers 08/80, International Monetary Fund.
  3. Frankel, Jeffrey A., 2010. "The Natural Resource Curse: A Survey," Scholarly Articles 4454156, Harvard Kennedy School of Government.
  4. International Monetary Fund, 2011. "Oil-Price Boom and Real Exchange Rate Appreciation: Is There Dutch Disease in the CEMAC?," IMF Working Papers 11/268, International Monetary Fund.
  5. Frankel, Jeffrey A., 2012. "The Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions," Working Paper Series rwp12-014, Harvard University, John F. Kennedy School of Government.
  6. Idrobo Nicolás & Mejía Daniel & Tribin Ana María, 2014. "Illegal Gold Mining and Violence in Colombia," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 20(1), pages 83-111, January.
  7. Williams, Andrew, 2011. "Shining a Light on the Resource Curse: An Empirical Analysis of the Relationship Between Natural Resources, Transparency, and Economic Growth," World Development, Elsevier, vol. 39(4), pages 490-505, April.
  8. Mainguy, Claire, 2011. "Natural resources and development: The gold sector in Mali," Resources Policy, Elsevier, vol. 36(2), pages 123-131, June.
  9. Stevens, Paul & Dietsche, Evelyn, 2008. "Resource curse: An analysis of causes, experiences and possible ways forward," Energy Policy, Elsevier, vol. 36(1), pages 56-65, January.
  10. Chandra, Vandana & Osorio Rodarte, Israel, 2009. "Options for Income-Enhancing Diversification in Burkina Faso," MPRA Paper 20928, University Library of Munich, Germany.

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