Can more be less? An experimental test of the resource curse
Omar Al-Ubaydli (),
Kevin McCabe () and
MPRA Paper from University Library of Munich, Germany
Several scholars have argued that abundant natural resources can be harmful to economic performance under bad institutions and helpful when institutions are good. These arguments have either been theoretical or based on naturally-occurring variation in natural resource wealth. We test this theory using a laboratory experiment to reap the benefits of randomized control. We conduct this experiment in a virtual world (Second LifeTM) to make institutions more visceral. We find support for the theory.
Keywords: resource curse; institutions; economic development (search for similar items in EconPapers)
JEL-codes: D72 D74 O13 Q34 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp and nep-gro
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Journal Article: Can More Be Less? An Experimental Test of the Resource Curse (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:55381
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