— We examine the relationship between resource abundance and several indicators of human welfare. Consistent with the existing literature on the relationship between resource abundance and economic growth we find that, given an initial income level, resource-intensive countries tend to suffer lower levels of human development. While we find only weak support for a direct link between resources ...

China has witnessed a fast economic growth in the recent two decades. However, the heavy energy exploitation seems to show a negative relation to regional economic growth. Thus, the issue is whether the energy production is a curse or blessing for the regional economic growth in China. The present study deploys a comprehensive approach to rigorously prove the validity of a proposed panel data m...

The chapters in this volume identify steps that governments of resource-rich countries can take to increase the benefi ts that their countries derive from their holdings of oil, gas, and other resources. The focus on governments is natural: these actions will work only if governments lead the way. We believe these reforms should attract the support of their populations. Moreover, in some cases,...