Persistence of Underdevelopment: Does the Type of Natural Resource Endowment Matter?

Maiju Perälä

No DP2003-37, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper examines growth successes and failures across countries and notes the latter's perplexing predominance among ex ante low-income economies. An explanation for this persistence of underdevelopment is proposed through an empirical investigation that brings forth evidence on the importance of natural resource endowment type on growth or, more appropriately, lack of it.

Keywords: Agriculture; Economic development; Natural resources (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (2)

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