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Stunted Growth: Natural Resource Concentration, Economic Growth, and Dutch Disease in the Southeastern United States

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  • Elliott, Vaughn M., II
  • Hartarska, Valentina M.
  • Bailey, Conner

Abstract

We study the link between economic growth and resource endowment in the southeastern United States and find signs of Dutch Disease. Using data for 815 counties in this region, we focus attention on the connection between economic growth and forest resources. Our data support the Dutch Disease theory that economic reliance on natural resources contributes to low economic growth.

Suggested Citation

  • Elliott, Vaughn M., II & Hartarska, Valentina M. & Bailey, Conner, 2008. "Stunted Growth: Natural Resource Concentration, Economic Growth, and Dutch Disease in the Southeastern United States," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6494, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaed:6494
    DOI: 10.22004/ag.econ.6494
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    References listed on IDEAS

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    1. Sachs, J-D & Warner, A-M, 1995. "Natural Resource Abundance and Economic Growth," Papers 517a, Harvard - Institute for International Development.
    2. repec:bla:scotjp:v:48:y:2001:i:5:p:558-88 is not listed on IDEAS
    3. Ding, Ning & Field, Barry C., 2004. "Natural Resource Abundance And Economic Growth," Working Paper Series 14531, University of Massachusetts, Amherst, Department of Resource Economics.
    4. Gylfason, Thorvaldur & Herbertsson, Tryggvi Thor & Zoega, Gylfi, 1997. "A Mixed Blessing: Natural Resources and Economic Growth," CEPR Discussion Papers 1668, C.E.P.R. Discussion Papers.
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    6. Gylfason, Thorvaldur & Herbertsson, Tryggvi Thor & Zoega, Gylfi, 1999. "A Mixed Blessing," Macroeconomic Dynamics, Cambridge University Press, vol. 3(2), pages 204-225, June.
    7. Zhu, Pengyu & Zhang, Yaoqi, 2006. "Demand for Urban Forests and Economic Welfare: Evidence from the Southeastern U.S. Cities," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 38(2), pages 279-285, August.
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    Keywords

    Community/Rural/Urban Development; Resource /Energy Economics and Policy;

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