A survey of literature on the resource curse: critical analysis of the main explanations, empirical tests and resource proxies

Nuno Torres, Oscar Afonso and Isabel Soares ()
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Isabel Soares: CEF.UP and FEP, Universidade do Porto

CEF.UP Working Papers from Universidade do Porto, Faculdade de Economia do Porto

Abstract: This paper presents a survey of literature on the `resource curse', a puzzling empirical result that associates natural resource riches with lower economic growth. We show the main theories that attempt to explain the curse ? ranging from the structuralist theses of the 1950s to recent and more consensual institutional causes ?, and present a critical review of results in view of theory, estimation procedures and used resource proxies.

Keywords: Resource curse, Natural resources; Economic growth; Institutions; Survey. (search for similar items in EconPapers)
JEL-codes: N50 O13 O40 O50 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2013-02
New Economics Papers: this item is included in nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:por:cetedp:1302

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