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La maldición de los recursos naturales. Revisión de literatura
[The Resource Curse. Literature Review]

Author

Listed:
  • Luis Alberto Castellanos Gonzáles

    (Universidad Autónoma Juan Misael Saracho)

Abstract

This paper analyzes how countries abundant in natural resources exhibit lower economic growth than countries with scarce resources. A systematic literature review was conducted, defining three theoretical frameworks: (1) macroeconomic models of Dutch disease and Hotelling-Hartwick rules that explain the deterioration of the productive structure; (2) institutional approaches that emphasize rent-seeking and state weakness; and (3) structuralist perspectives that reformulate the paradox as a pattern of extractive accumulation. Empirical evidence distinguishes a first generation of studies that documents robust negative correlations between resource dependence and growth, from a more recent second generation that challenges this relationship through improved measures of abundance, advanced econometric techniques, and differentiation by resource type. The analysis emphasizes that the resource curse is not deterministic but contingent on institutions, price volatility, and productive structure. The paper also incorporates emerging debates on economic complexity (Hausmann et al., 2014), energy transition, the carbon curse, and the China effect (Li, 2023), which reconfigure the resource curse debate in the twenty-first century context. It highlights the need to broaden the focus from GDP to wider dimensions of development: distributive equity, conflict, environmental sustainability, and the well-being of local communities.

Suggested Citation

  • Luis Alberto Castellanos Gonzáles, 2026. "La maldición de los recursos naturales. Revisión de literatura [The Resource Curse. Literature Review]," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB), vol. 24(45), pages 209-238, May.
  • Handle: RePEc:ris:revlde:022602
    DOI: 10.35319/lajed.202645622
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    Keywords

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    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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