EconPapers    
Economics at your fingertips  
 

Resource Curse or Not: A Question of Appropriability

Anne Boschini (), Jan Pettersson () and Jesper Roine ()

Scandinavian Journal of Economics, 2007, vol. 109, issue 3, 593-617

Abstract: Whether natural resources are good or bad for a country's development are shown to depend on the interaction between institutional setting and, crucially, the types of resources possessed by the country. Some natural resources are, for economical and technical reasons, more likely to cause problems such as rent-seeking and conflicts than others. This potential problem can, however, be countered by good institutional quality. In contrast to the traditional resource curse hypothesis, we show the impact of natural resources on economic growth to be non-monotonic in institutional quality, and increasingly so for certain types of resources. In particular, countries rich in minerals are cursed only if they have low-quality institutions, while the curse is reversed if institutions are sufficiently good. Furthermore, if countries are rich in diamonds and precious metals, these effects-both positive and negative-are larger. Copyright The editors of the "Scandinavian Journal of Economics" 2007 .

Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (157) Track citations by RSS feed

Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-9442.2007.00509.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Resource curse or not: A question of appropriability (2006) Downloads
Working Paper: Resource curse or not: A question of appropriability (2003) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:scandj:v:109:y:2007:i:3:p:593-617

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0347-0520

Access Statistics for this article

Scandinavian Journal of Economics is currently edited by Richard Friberg, Matti Liski and Kjetil Storesletten

More articles in Scandinavian Journal of Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-06-15
Handle: RePEc:bla:scandj:v:109:y:2007:i:3:p:593-617