PARADOX OF THE ABUNDANCE: HUMAN DEVELOPMENT AND EXTRACTIVISM AT GLOBAL LEVEL 2010-2015

Marcelo Varela Enriquez, Cecilia Nicole Cerda Monge and Gustavo Salazar
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Marcelo Varela Enriquez: Universidad Central del Ecuador, Ecuador
Cecilia Nicole Cerda Monge: Universidad Central del Ecuador, Ecuador

Review of Socio - Economic Perspectives, 2019, vol. 4, issue 2, 103-129

Abstract: Since the nineties some econometrics studies had realized about the relationship between the abundance of natural resources and human development, where some authors depending of the variables have categorized it as a curse while others as an opportunity. In this research project, analyze a balanced short panel of 142 countries for the period 2010-2015, taking as a dependent variable the Inequality-adjusted Human Development Index (IDHI), and as a proxy variable of extractivism the Total Natural Resources Rents as a percentage of the Gross Domestic Product (GDP), in addition to other control variables. The series was transformed into first differences, resulting in a significant relationship with negative slope among the variables of interest. Hence, there is a curse of abundance at global level.

Keywords: Paradox of the abundance; Human Development; Extractivism; Panel Data; Inequality (search for similar items in EconPapers)
JEL-codes: C23 F63 L72 O15 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aly:journl:201946

DOI: 10.19275/RSEP072

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