The Paradox of Plenty: A Meta-Analysis

Magali Dauvin () and David, Laboratoire d'Economie Dionysien Guerreiro
Additional contact information
Magali Dauvin: EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique
David, Laboratoire d'Economie Dionysien Guerreiro: LED - Laboratoire d'Economie Dionysien - UP8 - Université Paris 8 Vincennes-Saint-Denis

Post-Print from HAL

Abstract: Since Sachs and Warner's seminal article in 1995, numerous studies have addressed the link between natural resources and economic growth. Although the "resource curse" effect was commonly accepted at first, many articles have challenged its existence, and the results found in the literature are ambiguous. In this paper, we aim to quantitatively review this literature in order to (i) identify the sources of heterogeneity and (ii) assess the impact of natural resources on economic growth. A meta-analysis is performed on 69 empirical studies on the resource curse, totaling 1,419 estimates. Our findings show that (i) only developing countries suffer from the resource curse although it is soft; (ii) the way natural resources are taken into account is crucial to understand the heterogeneity found in the literature; (iii) the negative impact of the volatility of the terms-of-trade on growth should be qualified. An additional MRA performed on indirect effects size also indicate that when institutions are at their best level, the resource curse disappears and may be turned into a blessing.

Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (23)

Published in World Development, 2017, 94 (C), pp.212 - 231. ⟨10.1016/j.worlddev.2017.01.009⟩

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

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:hal:journl:hal-03399749

DOI: 10.1016/j.worlddev.2017.01.009

Access Statistics for this paper

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