This study aims to investigate the association between natural capital and economic development using panel data comprising a large number of countries across world for period 1995–2018. The accounts several key drivers development, such as produced capital, human trade institutional quality indicators. Our findings demonstrate that effect flowing from performance is sizable positive. indicator...

BACKGROUND In a restricted sense, the resource curse is a theory that explains the inverse relationship classically seen between dependence on natural resources and economic growth. It defines a peculiar economic and political environment, epitomized by oil extraction in sub-Saharan Africa. METHODS Based on secondary research and illustrations from four oil-rich geographical areas (the Niger ...

For some time, there was considerable debate over whether the resource curse existed at all. However, recent findings indicate that the resource curse is a very real problem that mainly affects states with weak institutions and poses important questions for US policymakers. Countries that depend on natural resources experience less growth, less democracy, and more war when they have weak instit...

according to resource curse theory, not only the revenues from selling natural resources do not result in economic growth, but also have some unpleasant effects on economy. this study shows that natural resources cannot be considered curse by itself , but it is the management of revenues which is important. the foreign reserves fund was established to control the effects of oil price volatiliti...

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...