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Bananas, Oil, and Development: Examining the Resource Curse and Its Transmission Channels by Resource Type

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Author Info
Jann Lay
Toman Omar Mahmoud

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Abstract

This paper examines the resource curse and its transmission channels by resource type. We review and synthesize existing theories of the transmission channels of the curse. This synthesis suggests that (1) relating the transmission channels to the characteristics of different types of resources, and (2) considering how other country characteristics, such as institutional quality and policy outcomes, affect the impact of natural resource wealth on development, would improve our understanding of the functioning of the curse. We then assess these two aspects empirically and find different transmission channels to be relevant for different types of resources. Furthermore, we illustrate the interaction between other country characteristics and the curse.

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Publisher Info
Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1218.

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Length: 41 pages
Date of creation: Aug 2004
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Handle: RePEc:kie:kieliw:1218

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Keywords: O11 O13 C21

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Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    Other versions:
  5. Torvik, Ragnar, 2002. "Natural resources, rent seeking and welfare," Journal of Development Economics, Elsevier, vol. 67(2), pages 455-470, April. [Downloadable!] (restricted)
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  8. Boschini, Anne & Pettersson, Jan & Roine, Jesper, 2003. "Resource curse or not: A question of appropriability," Working Paper Series in Economics and Finance 534, Stockholm School of Economics. [Downloadable!]
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  9. 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)
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  18. Vincent, Jeffrey R. & Panayotou, Theodore & Hartwick, John M., 1997. "Resource Depletion and Sustainability in Small Open Economies," Journal of Environmental Economics and Management, Elsevier, vol. 33(3), pages 274-286, July. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Matthias Basedau, 2005. "Context Matters – Rethinking the Resource Curse in Sub-Saharan Africa," GIGA Working Paper Series 01, GIGA German Institute of Global and Area Studies. [Downloadable!]
  2. Arezki, Rabah & van der Ploeg, Frederick, 2007. "Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions," CEPR Discussion Papers 6225, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  3. Matthias Basedau, 2005. "Context Matters – Rethinking the Resource Curse in Sub-Saharan Africa," Economic History 0508002, EconWPA. [Downloadable!]
  4. Olomola Philip Akanni, 2007. "Oil Wealth and Economic Growth in Oil Exporting African Countries," Research Papers RP_170 Key words: Oil, we, African Economic Research Consortium. [Downloadable!]
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