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...

weak economic performance that has been observed in countries with rich natural resources is called resource curse. there have been many studies on resource curse, especially the adverse effects of this phenomenon on economic growth. income inequality or unfair distribution of income is one of the main characteristics of resource rich countries. but, there has not been much research on the effe...

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...

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...

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...

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 ...

This paper is to study the resource curse applying annual data from 2002 to 2016 for the Organization of the Petroleum Exporting Countries (OPEC) members i.e. Algeria, Iran, Kuwait, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela. For this purpose, there were concerned the interactions role of resource abundance and institution quality, and their marginal effect of the countrie...