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Zoekopdracht: subjects: "Economic Development and Trade"

TitelThe resource curse hype : paradox or red herring?  
AuteurE. Bulte
Jaar2007
TijdschriftThe Broker
Serienummer4
Pagina's19-
ISSN1874-2033
OrganisatieThe Broker
OnderwerpEconomic Development and Trade
Trefwoordeneconomic development, natural resources
SamenvattingThe empirical basis for the so-called resource curse was evaluated and it was shown that, despite the topic’s popularity in economics and political science research, this apparent paradox is a red herring. The most commonly used measure of ‘resource abundance’ can be more usefully interpreted as a proxy for ‘resource dependence’. In multiple estimations that combine resource abundance and dependence, institutional and constitutional variables, it was found that (i) resource abundance, constitutions and institutions determine resource dependence, (ii) resource dependence does not affect growth, and (iii) there is no evidence that resource-dependent countries end up with slow growth and bad institutions. Rather, countries with bad institutions attract little investment, and as a result they grow more slowly and remain dependent on exports of commodities. But this is not a paradox at all.  
TaalEngels
CategorieResearch
Soort documentArtikel
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