Natural Resource Abundance and Economic Growth

J-D Sachs and Andrew Warner

Working Papers from Harvard - Institute for International Development

Abstract: One of the surprising features of modern economic growth is that economies with abundant natural resources have tended to grow less rapidly than natural-resource-scarce economies. In this paper we show that economies with a high ratio of natural resource exports to GDP in 1971 tended have low growth rate during the subsequent period 1971-1989.

Keywords: ECONOMIC GROWTH; NATURAL RESOURCES; EXPORTS (search for similar items in EconPapers)
JEL-codes: O4 (search for similar items in EconPapers)
Pages: 49 pages
Date: 1995
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Working Paper: Natural Resource Abundance and Economic Growth (1995)
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