Natural Resource Dependence and Economic Performance in the 1970–2000 Period
We look at the type of natural resource dependence and growth in developing countries. Certain natural resources called point-source, such as oil and minerals, exhibit concentrated and capturable revenue patterns, while revenue flows from resources such as agriculture are more diffused. Developing countries that export the former type of products are regarded prone to growth failure due to institutional failure.We present an explicit model of growth collapse with micro-foundations in rent-seeking contests with increasing returns. Our econometric analysis is among the few in this literature with a panel data dimension. Point-source-type natural resource dependence does retard institutional development in both governance and democracy, which hampers growth. The resource curse, however, is more general and not simply confined to mineral exporters.
(This abstract was borrowed from another version of this item.)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 15 (2011)
Issue (Month): 1 (02)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=1363-6669|
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=1363-6669|
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.:
- Collier, Paul & Goderis, Benedikt, 2008.
"Commodity Prices, Growth, and the Natural Resource Curse: Reconciling a Conundrum,"
17315, University Library of Munich, Germany.
- Paul Collier & Benedikt Goderis, 2007. "Commodity Prices, Growth, and the Natural Resource Curse: Reconciling a Conundrum," Economics Series Working Papers WPS/2007-15, University of Oxford, Department of Economics.
- Paul Collier & Benedikt Goderis, 2007. "Commodity Prices, Growth, and the Natural Resource Curse: Reconciling a Conundrum," CSAE Working Paper Series 2007-15, Centre for the Study of African Economies, University of Oxford.
- World Bank, 2002. "World Development Indicators 2002," World Bank Publications, The World Bank, number 13921, April.
- Christa N. Brunnschweiler & Erwin H. Bulte, 2006.
"The Resource Curse Revisited and Revised: A Tale of Paradoxes and Red Herrings,"
CER-ETH Economics working paper series
06/61, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Brunnschweiler, Christa N. & Bulte, Erwin H., 2008. "The resource curse revisited and revised: A tale of paradoxes and red herrings," Journal of Environmental Economics and Management, Elsevier, vol. 55(3), pages 248-264, May.
- Carlos Vargas-Silva, 2009.
"The Tale of Three Amigos: Remittances, Exchange Rates, and Money Demand in Mexico,"
Review of Development Economics,
Wiley Blackwell, vol. 13(1), pages 1-14, 02.
- Carlos Vargas-Silva, 2007. "The Tale of Three Amigos: Remittances, Exchange Rates and Money Demand in Mexico," Working Papers 0704, Sam Houston State University, Department of Economics and International Business.
- Lane, Philip R & Tornell, Aaron, 1996. "Power, Growth, and the Voracity Effect," Journal of Economic Growth, Springer, vol. 1(2), pages 213-41, June.
When requesting a correction, please mention this item's handle: RePEc:bla:rdevec:v:15:y:2011:i:1:p:124-138. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.