There is an economic natural resource curse as well as a political natural resource curse. The economic literature identifies certain characteristics of countries that are likely to fall victims to the former curse. ent literature on the y to explore the question In this essay we draw on these characteristics, rec political natural resource curse and Cuba’s histor of how likely is Cuba to fall...

The “Resource Curse” is a stylized fact that has been observed consistently in a number of development studies: countries that are relatively well-endowed with natural resources tend to grow more slowly than resource-poor economies. This paper documents evidence that the Resource Curse extends to the individual states of the U.S. Using a variety of specifications, regression of state GSP growth...

Currently, evidence on the ‘resource curse’ yields a conundrum. While there is much crosssection evidence to support the curse hypothesis, time series analyses using vector autoregressive (VAR) models have found that commodity booms raise the growth of commodity exporters. This paper adopts panel cointegration methodology to explore longer term effects than permitted using VARs. We find strong ...

The present study was aimed to investigate the effects of oil price shocks on discretionary fiscal policies in selected OPEC countries during 1980-2015. In this regard, the heterogeneous dynamic reaction to structural shock was examined using Panel Structural Vector Autoregressive (PSVAR) technique. Based on the findings, the effect of oil price shocks on discretionary fiscal policy was positiv...

The Natural Resource Curse literature started with a clear consensus that dependence on natural resources have direct negative effects economic growth and levels of democracy. However, the today reflects debate is still going where several papers evidence against hypothesis, which provides many open avenues for further research. This paper surveys resource curse identifies main arguments findin...

This paper reports on my replication of the 1997 Sachs and Warner resource curse working paper. Exact pure replication is achieved. A test for statistical replication shows that some of the Sachs and Warner results attempting to determine the cause of the resource curse are not robust to the country sample. A test for scientific replication shows that findings of the resource curse are not sens...