In search of the Missing Resource Curse
William Maloney () and
Economía Journal, 2008, vol. Volume 9 Number 1, issue Fall 2008, 1-57
The debate over the curse of natural resources has haunted developing countries for decades if not centuries. A review of existing empirical evidence suggests that the curse remains elusive. The fragile negative effect of natural resources on economic growth might be due to international heterogeneity in the effects of natural resources on economic growth, to the use of weak indicators of natural resources that might be unrelated to relative natural-resource endowments, or to the inability of econometric analysis based on international data to capture historical processes. This paper defends an empirical proxy for relative abundance of natural resources, which is based on standard growth theory. In turn, various econometric estimations are hopelessly deployed in the search for the missing resource curse. Some evidence suggests that natural resources might have large positive effects whose true magnitude remains unknown due to unresolved econometric issues.
Keywords: natural resources; econometric issues (search for similar items in EconPapers)
JEL-codes: Q20 Q30 Q50 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (41) Track citations by RSS feed
Downloads: (external link)
Working Paper: In search of the missing resource curse (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:col:000425:008596
Access Statistics for this article
More articles in Economía Journal from The Latin American and Caribbean Economic Association - LACEA
Bibliographic data for series maintained by LACEA ().