Cursing the blessings? Natural resource abundance, institutions, and economic growth

Christa Brunnschweiler

No 06/51, CER-ETH Economics working paper series from CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich

Abstract: Since Sachs and Warner's (1995a) contribution, there has been a lively debate on the so-called natural resource curse. This paper re-examines the effects of natural resource abundance on economic growth using new measures of resource endowment and considering the role of institutional quality. We find a positive direct empirical relationship between natural resource abundance and economic growth. In both OLS and 2SLS re- gressions, the positive resource effects are particularly strong for subsoil wealth. Our results also show no evidence of negative indirect effects of natural resources through the institutional channel.

Keywords: Natural resources; resource curse; economic growth; institutional quality (search for similar items in EconPapers)
JEL-codes: O11 O13 Q0 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2006-06
New Economics Papers: this item is included in nep-cwa, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (36)

Downloads: (external link)
http://www.cer.ethz.ch/research/wp_06_51.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not found UA (http://www.cer.ethz.ch/research/wp_06_51.pdf [301 Moved Permanently]--> https://www.cer.ethz.ch/research/wp_06_51.pdf [301 Moved Permanently]--> https://cer.ethz.ch/research/wp_06_51.pdf)

Related works:
Journal Article: Cursing the Blessings? Natural Resource Abundance, Institutions, and Economic Growth (2008)
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:eth:wpswif:06-51

Access Statistics for this paper

More papers in CER-ETH Economics working paper series from CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich Contact information at EDIRC.
Bibliographic data for series maintained by ().