Natural resources, economic growth and geography

Natural Resources and Economic Growth

This paper develops a one-sector endogenous growth model in which renewable natural resources are postulated as both a factor of production and as a measure of environmental quality. We show that sustained economic growth and a non-deteriorating environment can coexist along the economy’s balanced growth path. Moreover, the output growth rate is positively related to the steady-state level of n...

Geography and Economic Growth

This paper addresses the complex relationship between geography and macroeconomic growth. It investigates the ways in which geography may matter directly for growth, controlling for economic policies and institutions, as well as the effects of geography on policy choices and institutions. It finds that location and climate have large effects on income levels and income growth through their effe...

Urbanization , Economic Geography , and Growth ∗ †

Natural Resources and Economic Growth: Some Theory and Evidence

We develop a one-sector endogenous growth model in which renewable natural resources are both a factor of production and measure of environmental quality. Along the balanced growth path, sustained economic growth and a non-deteriorating environment are shown to coexist. Moreover, steady-state economic growth and natural-resource utilization are positively related. Empirically, a cross-country g...

Natural Resources, Institutions Quality, and Economic Growth; A Cross-Country Analysis

Abstract[1] Natural resources as a source of wealth can increase prosperity or impede economic growth.  Empirical studies with different specifications and data are also mixed on whether natural resources are curse or blessing. In fact, the variety of model specifications, measurements, and samples in the empirical literature makes it difficult to generalize the results. In this study, a growth...