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The Resource Curse: A Statistical Mirage?

Listed author(s):
  • Alexander James

A surprising feature of resource-rich economies is slow growth. It is often argued that natural-resource production impedes development by creating market or institutional failures. This paper establishes an alternative explanationa slow-growing resource sector.A declining resource sector is disproportionately reected in resource-dependent countries. Additionally, there is little evidence that resource dependence impedes growth in non-resource sectors. More generally, this paper illustrates the importance of considering industry composition in cross-country growth regressions.

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File URL: http://www.oxcarre.ox.ac.uk/images/stories/papers/ResearchPapers/OxCarreRP2014147.pdf
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Paper provided by Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford in its series OxCarre Working Papers with number 147.

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Date of creation: 2014
Handle: RePEc:oxf:oxcrwp:147
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Web page: https://www.oxcarre.ox.ac.uk/
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