The Natural Resource Curse and Economic Transition

Michael Alexeev and Robert Conrad ()
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Robert Conrad: Terry Sanford School of Public Policy and Department of Economics, Duke University

No 2009-018, CAEPR Working Papers from Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington

Abstract: Using cross-country regressions, we examine the relationship between “point-source” resource abundance and economic growth, quality of institutions, investment in human and physical capital, and social welfare (life expectancy and infant mortality). Contrary to most literature, we find little evidence of natural resource curse outside of the economies in transition. In the economies in transition, there is some evidence that natural resource wealth is associated with higher infant mortality. This negative effect, however, exists only relative to other resource rich countries. Compared to other economies in transition, natural resource abundant transitional economies are not worse off with respect to our indicators.

Pages: 36 pages
Date: 2009-09
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Citations: View citations in EconPapers (5)

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Journal Article: The natural resource curse and economic transition (2011)
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