¿Cuál es el destino de los paises abundantes en recursos minerales? Nueva evidencia sobre la relación entre recursos naturales, instituciones y crecimiento económico
Economies that have large endowments of natural resources, especially the ones that rely on oil and minerals, are often regarded as unlikely to develop, or even seen as cursed by nature. It is said that the mineral rents, which could be used to trigger a growth process, have in practice several negative effects that by and large counteract their potential positive contributions. Nevertheless, it seems that these results are sensitive to the measures of resource abundante that are used, and mineral resource abundance might not be necessarily growth retarding. This study will evaluate if the arguments to uphold that mineral rich countries are doomed to low economic growth are strong and sound by testing a number of robustness checks on the standard models of resources and growth. We test if there are any specification bias in the model proposed ï‚¾in particular of omitted variablesï‚¾ï€ and if the resource curse thesis remains robust when using other measures of resource abundance, and when testing specifically for a mineral resource curse.
|Date of creation:||2005|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (511) 626-2000 ext. 4950, 4951
Fax: (511) 626-2874
Web page: http://departamento.pucp.edu.pe/economia/
More information through EDIRC
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.:
- Ramey, Garey & Ramey, Valerie A, 1995.
"Cross-Country Evidence on the Link between Volatility and Growth,"
American Economic Review,
American Economic Association, vol. 85(5), pages 1138-51, December.
- Garey Ramey & Valerie A. Ramey, 1994. "Cross-Country Evidence on the Link Between Volatility and Growth," NBER Working Papers 4959, National Bureau of Economic Research, Inc.
- Powell, A., 1989.
"Commodity And Developing Country Terms Of Trade, What Does The Long Run Show?,"
Economics Series Working Papers
9980, University of Oxford, Department of Economics.
- Powell, Andrew, 1991. "Commodity and Developing Country Terms of Trade: What Does the Long Run Show?," Economic Journal, Royal Economic Society, vol. 101(409), pages 1485-96, November.
- Joshua Aizenman & Brian Pinto, 2004. "Managing Volatility and Crises: A Practitioner's Guide Overview," NBER Working Papers 10602, National Bureau of Economic Research, Inc.
- Gylfason, Thorvaldur, 2001.
"Natural resources, education, and economic development,"
European Economic Review,
Elsevier, vol. 45(4-6), pages 847-859, May.
- Gylfason, Thorvaldur, 2000. "Natural Resources, Education, and Economic Development," CEPR Discussion Papers 2594, C.E.P.R. Discussion Papers.
- Osmel Manzano & Roberto Rigobon, 2001. "Resource Curse or Debt Overhang?," NBER Working Papers 8390, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:pcp:pucwps:wp00242. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.