Threshold regressions for the resource curse

Nicolas Clootens and Djamel Kirat ()
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Djamel Kirat: LEO - Laboratoire d'Économie d'Orleans [UMR7322] - UO - Université d'Orléans - UT - Université de Tours - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper analyzes the behavior of cross-country growth rates with respect to resource abundance and dependence. We reject the linear model that is commonly used in growth regressions in favor of a multiple-regime alternative. Using a formal sample-splitting method, we find that countries exhibit different behaviors with respect to natural resources depending on their initial level of development. In high-income countries, natural resources play only a minor role in explaining the differences in national growth rates. On the contrary, in low-income countries, abundance seems to be a blessing but dependence restricts growth.

Keywords: resource curse; growth; threshold regressions; natural resources (search for similar items in EconPapers)
Date: 2020-12
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Citations: View citations in EconPapers (1)

Published in Environment and Development Economics, 2020, 25 (6), pp.583-610. ⟨10.1017/S1355770X20000297⟩

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Related works:
Journal Article: Threshold regressions for the resource curse (2020)
Working Paper: Threshold Regressions for the Resource Curse (2018)
Working Paper: Threshold Regressions for the Resource Curse (2018)
Working Paper: Threshold Regressions for the Resource Curse (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02952519

DOI: 10.1017/S1355770X20000297

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