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Can more be less? An experimental test of the resource curse

Omar Al-Ubaydli (), Kevin McCabe () and Peter Twieg

MPRA Paper from University Library of Munich, Germany

Abstract: 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
Date: 2014-03-31
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Journal Article: Can More Be Less? An Experimental Test of the Resource Curse (2014) Downloads
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