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The Resource Curse and its Potential Reversal
Stockholm University, Faculty of Social Sciences, Department of Economics.
2013 (English)In: World Development, ISSN 0305-750X, E-ISSN 1873-5991, Vol. 43, 19-41 p.Article in journal (Refereed) Published
Abstract [en]

Several recent papers suggest that the negative association between natural resource intensity and economic growth can be reversed if institutional quality is high enough. We try to understand this result in more detail by decomposing the resource measure, using alternative measures of both resources and institutions, and by studying different time periods. While an institutional reversal is present in many specifications, only ores and metals interacted with the ICRG measure of institutional quality consistently have a negative growth effect but a positive interaction that turns the curse around when institutions are good enough.

Place, publisher, year, edition, pages
2013. Vol. 43, 19-41 p.
Keyword [en]
natural resources, minerals, fuels, resource curse, property rights, institutions, economic growth, development
National Category
Economics
Identifiers
URN: urn:nbn:se:su:diva-89544DOI: 10.1016/j.worlddev.2012.10.007ISI: 000316533300002OAI: oai:DiVA.org:su-89544DiVA: diva2:619170
Note

AuthorCount:3;

Available from: 2013-05-02 Created: 2013-04-29 Last updated: 2017-12-06Bibliographically approved

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