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

  • Jann Lay
  • Toman Omar Mahmoud

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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File URL: https://www.ifw-members.ifw-kiel.de/publications/bananas-oil-and-development-examining-the-resource-curse-and-its-transmission-channels-by-resource-type/kap1218.pdf
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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
Date of revision:
Handle: RePEc:kie:kieliw:1218
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  1. Adrian Wood & Kersti Berge, 1997. "Exporting manufactures: Human resources, natural resources, and trade policy," Journal of Development Studies, Taylor & Francis Journals, vol. 34(1), pages 35-59.
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  9. Angus Deaton & Guy Laroque, 2002. "A model of commodity prices after Sir Arthur Lewis," Working Papers 201, Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies..
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  28. Stanley L. Engerman & Kenneth Lee Sokoloff, 2002. "Factor Endowments, Inequality, and Paths of Development among New World Economies," JOURNAL OF LACEA ECONOMIA, LACEA - LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION.
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