A curse or a blessing? Natural resources in a multiple growth regimes analysis
نویسندگان
چکیده
منابع مشابه
Natural Resources: A Blessing or a Curse?
It is commonly assumed that countries are blessed if they have an abundant reserve of natural resources. Poorer countries may be jealous of the luxurious living standard that comes from oil in the Middle East, which seems to be an easy success. At the same time, we are amazed at how gold and diamonds are concentrated in African countries through our classes in geography. However, despite such h...
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In this paper we offer a novel contribution to the resource curse literature. We offer a theoretical and empirical analysis to establish that natural resources represent per se a positive factor for countries economic development, but can lead to very unequal income distribution within countries due to their inner characteristic of being easily appropriable. We predict theoretically that the ga...
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ژورنال
عنوان ژورنال: Applied Economics
سال: 2013
ISSN: 0003-6846,1466-4283
DOI: 10.1080/00036846.2012.730137