A Curse or a Blessing? Natural Resources in a Multiple Growth Regimes Analysis

Maty Konte ()

No 1218, AMSE Working Papers from Aix-Marseille School of Economics, France

Abstract: The literature on the impact of an abundance of natural resources on economic performance remains inconclusive. In this paper we consider the possibility that countries may follow different growth regimes, and test the hypothesis that whether natural resources are a curse or a blessing depends on the growth regime to which economy belongs. We follow recent work that has used a mixture of regression method to identify different growth regimes, and find two regimes such that in one regime resources have a positive impact on growth, while in the other they have a negative impact or at best have no impact on growth. Our analysis of the determinants of whether a country belongs or not to the blessed resources regime indicates that the level of democracy plays an important role while education and economic institutions have no effect.

Keywords: Natural Resources; Mixture of regression; Multiple equilibria. (search for similar items in EconPapers)
JEL-codes: O13 O47 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2012-03
New Economics Papers: this item is included in nep-ene, nep-env and nep-fdg
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: A curse or a blessing? Natural resources in a multiple growth regimes analysis (2013)
Working Paper: A curse or a blessing? Natural resources in a multiple growth regimes analysis (2013)
Working Paper: A Curse or a Blessing? Natural Resources in a Multiple Growth Regimes Analysis (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:aim:wpaimx:1218

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