How robust is the natural resource curse?

Stefan C. Norrbin (), Onsurang Pipatchaipoom () and Lilla Bors

International Economic Journal, 2008, vol. 22, issue 2, pages 187-200

Abstract: Prior research has found that countries rich in resources grow slower than countries with few natural resources. This paper re-examines the natural resource curse using updated data. In addition, the robustness of the results to various sample choices is investigated. The resource curse appears to be sensitive to the sample of countries used in the regression. In fact, eliminating a single country eliminates the significance of the curse. However, extending the methodology to allow for variation of the growth rate across decades improves the robustness of the negative effect of natural resources on the growth rate.

Keywords: growth; natural resources; parameter robustness; jack-knifing (search for similar items in EconPapers)
Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:taf:intecj:v:22:y:2008:i:2:p:187-200

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