 The Multidimensional Indicator of Extractives-based Development (MINDEX): A new approach to measuring resource wealth and dependenceWorld Development, 2021, vol. 147, issue C Abstract: Despite the vast amount of academic work estimating the impact of natural resources on development, very little attention has been devoted to the implications of using one type of natural resource measurement over another. This study fills this important gap in two ways. Firstly, it puts forward the biases and statistical misconceptions associated with different measurements of resource wealth, which have often led to the wrong classification of resource-poor countries as resource-rich and vice versa. As a result of the limitations of existing measurements, the discourse around extractives-based development has tended to lump various countries together, considering them all to be ‘resource-rich’, which is misleading. Instead, this paper shows that resource wealth and dependence are multifaceted. Keywords: Natural resources; Extractives; Indicators; Resource dependence; Data Access; Development policy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:147:y:2021:i:c:s0305750x21002485 DOI: 10.1016/j.worlddev.2021.105633 Access Statistics for this article World Development is currently edited by O. T. Coomes More articles in World Development from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.