A curse or a blessing? Natural resources in a multiple growth regimes analysis

Maty Konte ()

Post-Print from HAL

Abstract: The literature on the impact of an abundance of natural resources on economic performance remains inconclusive. In this article we consider the possibility that countries may follow different growth regimes, and test the hypothesis that whether natural resources are a curse or a blessing depends on the growth regime to which an economy belongs. We follow recent work that has used a mixture-of-regressions method to identify different growth regimes, and find two regimes such that in one regime resources have a positive impact on growth, while in the other they have a negative impact or at best have no impact on growth. Our analysis of the determinants of whether a country belongs or not to the blessed resources regime indicates that the level of democracy plays an important role while education and economic institutions have no effect.

Keywords: Economie; quantitative (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (25)

Published in Applied Economics, 2013, 45 (26), pp.3760--3769. ⟨10.1080/00036846.2012.730137⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: A Curse or a Blessing? Natural Resources in a Multiple Growth Regimes Analysis (2012)
Working Paper: A Curse or a Blessing? Natural Resources in a Multiple Growth Regimes Analysis (2012)
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:hal:journl:hal-01498259

DOI: 10.1080/00036846.2012.730137

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().