The resource curse: A statistical mirage?

Alexander James

Journal of Development Economics, 2015, vol. 114, issue C, 55-63

Abstract: A surprising feature of resource-rich economies is slow growth. It is often argued that natural-resource production impedes development by creating market or institutional failures. This paper establishes an alternative explanation—a slow-growing resource sector. A declining resource sector is disproportionately reflected in resource-dependent countries. Additionally, there is little evidence that resource dependence impedes growth in non-resource sectors. More generally, this paper illustrates the importance of considering industry composition in cross-country growth regressions.

Keywords: Resource dependence; Economic growth; Resource curse (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (117)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0304387814001199
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The Resource Curse: A Statistical Mirage? (2014)
Working Paper: The Resource Curse: A Statistical Mirage? (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:deveco:v:114:y:2015:i:c:p:55-63

DOI: 10.1016/j.jdeveco.2014.10.006

Access Statistics for this article

Journal of Development Economics is currently edited by M. R. Rosenzweig

More articles in Journal of Development Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().