The evolution of the natural resource curse thesis: A critical literature survey

Ramez Badeeb, Hooi Hooi Lean () and Jeremy Clark

Resources Policy, 2017, vol. 51, issue C, 123-134

Abstract: This paper surveys the natural resource curse. We review the mechanisms through which resource wealth might slow economic growth, and the empirical studies that test for an effect overall, or on factors associated with growth. We include more recent studies suggesting the resource curse reflects only empirical misspecification. After reflecting on this conflicting evidence, and the findings of other recent surveys, we argue the evidence that resource dependence negatively affects growth remains convincing, particularly working through factors closely associated with growth in developing countries. Recent contrarian studies demonstrate that future research should better address endogeneity of dependence measures, and expand the years of study and range of empirical methodologies used.

Keywords: O13; O47; Q32; Q33; Natural resource curse; Natural resource dependence; Natural resource abundance; Economic growth; Literature survey (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (377)

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Working Paper: The Evolution of the Natural Resource Curse Thesis: A Critical Literature Survey (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:51:y:2017:i:c:p:123-134

DOI: 10.1016/j.resourpol.2016.10.015

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