Resource Curse or Destructive Creation in Transition Turmoil
نویسندگان
چکیده
منابع مشابه
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...
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As petroleum extraction and consumption has steadily increased in recent decades, economists and development researchers have been puzzled by discrepancies in the growth, development, and governance of oil-dependent countries around the world. The divergent development outcomes of oil states beg the following question: what are the political and economic conditions that determine the consequenc...
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O wning Natural resources has been beneficial for some Countries, but hurtful for some others. Optimum management of natural resources in the former group has enhanced economic growth, bad governance, however, has led to Dutch Disease in the latter group. Bad governance in Iran has created Dutch Disease, Rentier State, and Resource Curse, DRR as a characteristic triangle. As the Iran...
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Recently, institutional explanations have turned into the ruling ones to expound the causes of resource curse. From among the institutional approaches, this article picks out the theory of North and his colleagues, who believe that the underlying challenge of economic growth in countries is not confined to the quality of one or several certain institutions and that it could be explained by the ...
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