Natural resource abundance and economic growth revisited

Natural Resource Abundance and Economic Growth Revisited

Data on energy and mineral reserves suggest that natural resource abundance has not been a significant structural determinant of economic growth between 1970 and 1989. The story behind the effect of natural resources on economic growth is a complex one that typical growth regressions do not capture well. Preliminary evidence suggests that natural resources may affect economic growth through bot...

Natural Resource Abundance and Economic Growth

One of the surprising features of modern economic growth is that economies abundant in natural resources have tended to grow slower than economies without substantial natural resources. In this paper we show that economies with a high ratio of natural resource exports to GDP in 1970 (the base year) tended to grow slowly during the subsequent 20-year period 1970-1990. This negative relationship ...

The Impact Of Institutional Quality On Relation Between Resource Abundance And Economic Growth

Natural Resource Dependence, Non-Tradables, and Economic Growth

I argue that the commonly used nominal measure of natural resource dependence -the share of exports of primary products in GNP -understates in growth regressions the negative link between natural resource dependence and per capita GDP growth. I show that using a purchasing power parity adjusted measure yields an economically much larger negative relationship between per capita GDP growth and na...

the impact of institutional quality on relation between resource abundance and economic growth