The Resource Curse and Its Transmission Channels: An Empirical Investigation of Chinese Cities’ Panel Data

Jin Guo, Xinye Zheng () and Feng Song

Emerging Markets Finance and Trade, 2016, vol. 52, issue 6, 1325-1334

Abstract: This article re-examines the resource curse hypothesis on the city level in China using data from 273 cities during the period 2001–2010. The system GMM dynamic panel estimator is applied to address the potential endogeneity problems. Our empirical analysis suggests that natural resource dependence has a small and insignificant impact on economic output when we control for the negative indirect impacts. If the indirect impacts of the transmission channels through which the resources hinder economic output are included, the total effect of natural resource dependence on economic output increases to 10 times the direct effect. Moreover, the capital investment channel is shown to be the most important of these transmission channels.

Date: 2016
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DOI: 10.1080/1540496X.2016.1152812

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