NATURAL RESOURCE ABUNDANCE AND ECONOMIC GROWTH

Ning Ding and Barry C. Field

No 14531, Working Paper Series from University of Massachusetts, Amherst, Department of Resource Economics

Abstract: This paper explores whether natural resource abundance leads, other things equal, to slower growth rates. We distinguish between natural resource dependence (RD) and the natural resource endowment (RE). We estimate three models, using World Bank data on national capital stocks. In a one-equation model we show that RD has a negative effect on growth rates, apparently confirming the main results of the resource "curse" literature. RE, however, has a positive impact on growth. We then estimate a two-equation model, in which the impacts of RE are much weaker. Finally, we estimate a three-equation model, in which the impacts of natural resources on growth disappears.

Keywords: International Development; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 17
Date: 2004
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:umamwp:14531

DOI: 10.22004/ag.econ.14531

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