Mineral resource abundance and regional growth in Spain, 1860-2000
The natural resource curse hypothesis predicts that natural resource windfalls can reduce the long run level of income per capita by crowding out manufacturing, slowing down the accumulation of human capital, damaging institutions and increasing inequality. This paper explores some of the central tenets of the natural resource curse literature by exploiting variation in mineral resources in Spain from 1860 to 1936. The conclusions of the paper are that, contrary to the natural resource curse hypothesis, natural resources had a positive, sizeable effect on industrialisation by 1920 and that they did not reduce real wage growth in the period 1860-1920. Moreover, extractive industries did not slow down the accumulation of human capital. When I look at the very long run by analysing real income per capita convergence from 1930 to 2000, there are no significant costs of early specialisation in extractive industries. Copyright © 2008 John Wiley & Sons, Ltd.
Volume (Year): 20 (2008)
Issue (Month): 8 ()
|Contact details of provider:|| Web page: http://www3.interscience.wiley.com/journal/5102/home|
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.:
- Crafts, Nicholas & Mulatu, Abay, 2006.
"How Did the Location of Industry Respond to Falling Transport Costs in Britain Before World War I?,"
The Journal of Economic History,
Cambridge University Press, vol. 66(03), pages 575-607, September.
- Nicholas Crafts & Abay Mulatu, 2004. "How did the location of industry respond to falling transport costs in Britain before World War 1?," Economic History Working Papers 22555, London School of Economics and Political Science, Department of Economic History.
- Halvor Mehlum & Karl Moene & Ragnar Torvik, 2006. "Institutions and the Resource Curse," Economic Journal, Royal Economic Society, vol. 116(508), pages 1-20, 01.
- Halvor Mehlum & Karl Moene & Ragnar Torvik, 2002. "Institutions and the resource curse," GE, Growth, Math methods 0210004, EconWPA.
- Mehlum, Halvor & Moene, Karl-Ove & Torvik, Ragnar, 2003. "Institutions and the resource curse," Memorandum 29/2002, Oslo University, Department of Economics.
- Halvor Mehlum & Karl Moene & Ragnar Torvik, 2002. "Institutions and the resource curse," Development and Comp Systems 0210003, EconWPA.
- Halvor Mehlum & Karl Moene & Ragnar Torvik, 2004. "Institutions and the Resource Curse," DEGIT Conference Papers c009_012, DEGIT, Dynamics, Economic Growth, and International Trade.
- Anthony J. Venables & William Maloney & Ari Kokko & Claudio Bravo Ortega & Daniel Lederman & Roberto Rigobón & José De Gregorio & Jesse Czelusta & Shamila A. Jayasuriya & Magnus Blomström & L. Colin X, 2007. "Natural Resources: Neither Curse nor Destiny," IDB Publications (Books), Inter-American Development Bank, number 59538 edited by William Maloney & Daniel Lederman, February.
- Daniel Lederman & William F. Maloney, 2007. "Natural Resources : Neither Curse nor Destiny," World Bank Publications, The World Bank, number 7183, July.
- Jeffrey D. Sachs & Andrew M. Warner, 1995. "Natural Resource Abundance and Economic Growth," NBER Working Papers 5398, National Bureau of Economic Research, Inc.
- Sachs, J-D & Warner, A-M, 1995. "Natural Resource Abundance and Economic Growth," Papers 517a, Harvard - Institute for International Development.
- Tirado, D.A. & Paluzie, E. & Pons, J., 2000. "Economic Integration and Industrial Location: The Case of Spain Before WWI," Papers 2000/2, European Institute - History.
- Krugman, Paul, 1987. "The narrow moving band, the Dutch disease, and the competitive consequences of Mrs. Thatcher : Notes on trade in the presence of dynamic scale economies," Journal of Development Economics, Elsevier, vol. 27(1-2), pages 41-55, October. Full references (including those not matched with items on IDEAS)