The 'Resource Curse' and regional US development

Donald Freeman ()

Applied Economics Letters, 2009, vol. 16, issue 5, 527-530

Abstract: The 'Resource Curse' is a stylized fact that has been observed consistently in a number of development studies: countries that are relatively well-endowed with natural resources tend to grow more slowly than resource-poor economies. This article documents evidence that the Resource Curse extends to the individual states of the US Using a variety of specifications, regression of state GSP growth on resource intensity consistently shows a negative and significant relationship. There is evidence that crowding out of the manufacturing sector may contribute to the slower growth of resource-based economies.

Date: 2009
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Working Paper: The “Resource Curse” and Regional U.S. Development (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:16:y:2009:i:5:p:527-530

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DOI: 10.1080/13504850601032107

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