The convergence in per capita natural resources in the perspective of resource curse

Xinxin Wang, Zeshui Xu, Ruoxuan Niu, Marinko Skare and Birjees Rahat

Resources Policy, 2024, vol. 90, issue C

Abstract: Natural resources, the primary motivation behind contemporary production, are very important for the economic development of an economy to foster financial activity. The resource curse for various countries or regions exists objectively. It has an inherent economic logic lying in resource dependence, and important policy implications exist for governments that find a way to break the resource curse and pursue sustainable economic growth. In this study, according to panel data analysis, we investigate the convergence in per capita natural resources from the perspective of resource curse across international countries/regions, and further cluster the convergent countries and regions and explore their rules. The empirical results verify the existence of convergence and the strong correlation between economic growth and geographic distribution. The estimation results indicate that natural resources affect economic growth to some extent. This study expands the existing research on the resource curse and provides the scientific basis for the policy implications of natural resources.

Keywords: Resource curse; Natural resources; Econometric convergence; Panel data; Club clustering (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S030142072400120X
Full text for ScienceDirect subscribers only

Related works:
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:eee:jrpoli:v:90:y:2024:i:c:s030142072400120x

DOI: 10.1016/j.resourpol.2024.104753

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().