Resource curse or not: A question of appropriability
Anne Boschini (),
Jan Pettersson () and
Jesper Roine ()
DEGIT Conference Papers from DEGIT, Dynamics, Economic Growth, and International Trade
This paper shows that whether natural resources are good or bad for a country’s development crucially depends on the interaction between institutional setting and the type 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. Countries rich in minerals are cursed only if they have low quality institutions, while the curse is reversed if institutions are sufficiently good.
Keywords: Natural Resources; Appropriability; Property Rights; Institutions; Economic Growth; Development (search for similar items in EconPapers)
JEL-codes: O40 O57 P16 O13 N50 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr, nep-agr and nep-dev
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Journal Article: Resource Curse or Not: A Question of Appropriability (2007)
Working Paper: Resource curse or not: A question of appropriability (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:deg:conpap:c011_050
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