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Resource rents and happiness on a global perspective: The resource curse revisited

Dieudonne Mignamissi () and Yselle Flora Kuete

MPRA Paper from University Library of Munich, Germany

Abstract: We revisit resource curse theory by providing empirical evidence for the effects of natural resource on the subjective wellbeing. Using cross-sectional model based on a global sample of 149 countries, we highlight that resources rents tend to reduce happiness but this effect differs according to (i) the political system and the level of development, (ii) the types and the measures of natural resources and (iii) the scale of happiness. Specifically, the negative effect of natural resources on happiness tends to be amplified in developing and weak democracy countries. Furthermore, the disaggregation of natural resource rents show that while oil rents and natural gas rent have a significant negative effect, forest, coal and mineral rents do not. However, after using the quantile regression approach, we find that these effects vary at different intervals throughout the happiness distribution.

Keywords: Resource Rents; Happiness; Resource Curse (search for similar items in EconPapers)
JEL-codes: C31 I31 Q34 (search for similar items in EconPapers)
Date: 2020-03
New Economics Papers: this item is included in nep-ene, nep-env, nep-gen and nep-hap
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Journal Article: Resource rents and happiness on a global perspective: The resource curse revisited (2021) Downloads
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