The Curse of Natural Resources

Katharina Wick and Erwin Bulte

Annual Review of Resource Economics, 2009, vol. 1, issue 1, 139-156

Abstract: A large literature has developed that documents a negative association between the presence of natural resources and economic development. In this paper we explore the empirics and theories of the so-called resource curse and try to assess its robustness. We conclude that there are many open questions and that the case of the curse needs revision and nuance.

Keywords: institutions; resources and conflict; resources and economic performance (search for similar items in EconPapers)
JEL-codes: O13 Q32 Q33 Q34 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (33)

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