Existing development literature has argued that natural-resource endowments curse economic prosperity by reducing expenditures on education. According to this theory, public and private agents lack su cient foresight to make optimal economic decisions and become poor as a result. Using a panel of U.S. state-level data, this paper o ers evidence to the contrary. Public spending on education in r...

This paper revisits the original natural resource curse study conducted by Sachs and Warner to investigate relationship between dependence per capita growth in recent data consisting of 68 developing countries that includes 14 Middle East & North Africa (MENA) 6 Gulf Cooperative Council (GCC) 1994–2014. Using a cross-country modeling we find robust evidence negative association dependence. affe...