Is the 'Curse of Natural Resources' Really a Curse?
نویسندگان
چکیده
منابع مشابه
Is the “ curse of natural resources ” really a curse ? March 20 , 2008
This paper takes a new look at the long-run implications of resource abundance. Using a Schumpeterian growth model that yields an analyitical solution for the transition path, it derives conditions under which the “curse of natural resources” occurs and is in fact a curse, meaning that welfare falls, conditions under which it occurs but it is not a curse, meaning that growth slows down but welf...
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The curse of natural resources is a well-documented phenomenon in developing countries. Economies that are richly endowed with natural resources tend to grow slowly. Among the transition economies of the former " Eastern Bloc " , a similar pattern can be observed. This paper shows that a large part of the variation in growth rates among the transition economies can be attributed to the curse of...
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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 explanation a slow-growing resource sector. A declining resource sector is disproportionally re ected in resource-dependent countries but appears to have little a ect on the res...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.1270606