The natural resource curse and economic transition

Natural resource dependence, human capital accumulation, and economic growth: A combined explanation for the resource curse and the resource blessing

In existing studies, no consensus has been reached on the relationship between natural resource dependence and human capital accumulation. To narrow the divergence, this paper carries out a normative research to explain the co-existence of the phenomena of the resource curse and the resource blessing based on an organic combination of conceptual and mathematical models. It first establishes a c...

The Natural Resource Curse: A Survey

It is striking how often countries with oil or other natural resource wealth have failed to grow more rapidly than those without. This is the phenomenon known as the Natural Resource Curse. The principle is not confined to individual anecdotes or case studies, but has been borne out in econometric tests of the determinants of economic performance across a comprehensive sample of countries. The ...

Development in US States, Economic Freedom, and the "Resource Curse"

Local natural resource curse and sustainable socio-economic development in a Russian mining community of Kovdor

Natural resource extraction forms the backbone of the Russian economy and characterizes the majority of regions and communities in the Russian North. The long-term socio-economic sustainability of natural resource extraction in resource abundant countries has been questioned and discussed in various social sciences with the resource curse theory, which, however, is understudied on the local lev...

Combating the Natural Resource Curse with Citizen Revenue Distr

In a New York Times op-ed earlier this year (April 9, 2003), Steve Clemons of the New America Foundation has proposed that Iraq establish an Alaska-style oil fund that would pay annual dividends to the citizens of Iraq.ii In Alaska, revenues from oil leases have been invested in a permanent fund, which has grown to $23.5 billion in 2002; part of the fund’s income is now distributed directly to ...