In search of the missing resource curse

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dc.description.abstract The debate over the curse of natural resources has haunted developing countries for decades if not centuries. A review of existing empirical evidence suggests that the curse remains elusive. The fragile negative effect of natural resources on economic growth might be due to international heterogeneity in the effects of natural resources on economic growth, to the use of weak indicators of natural resources that might be unrelated to relative natural-resource endowments, or to the inability of econometric analysis based on international data to capture historical processes. This paper defends an empirical proxy for relative abundance of natural resources, which is based on standard growth theory. In turn, various econometric estimations are hopelessly deployed in the search for the missing resource curse. Some evidence suggests that natural resources might have large positive effects whose true magnitude remains unknown due to unresolved econometric issues. en
dc.title In search of the missing resource curse en
dc.contributor.author Maloney, William F.
dc.contributor.author Lederman, Daniel
dc.date.accessioned 2014-11-18T01:12:13Z
dc.date.available 2014-11-18T01:12:13Z
dc.date.issued 2008-10
dc.identifier.issn 1529-7470
dc.identifier.uri http://hdl.handle.net/123456789/48776
lacea.language.supported en
dc.contributor.other Comments by Thad Dunning and Cameron A. Shelton
dc.language.iso en
dc.publisher Brookings Institution Press
dc.subject Environmental economics
dc.subject Natural resources
dc.subject Economic growth
dc.type Article

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