NATURAL RESOURCE ABUNDANCE AND ECONOMIC GROWTH REVISITED

Jean-Philippe Stijns

Development and Comp Systems from University Library of Munich, Germany

Abstract: Data on energy and mineral reserves suggest that natural resource abundance has not been a significant structural determinant of economic growth between 1970 and 1989. The story behind the effect of natural resources on economic growth is a complex one that typical growth regressions do not capture well. Preliminary evidence suggests that natural resources may affect economic growth through both “positive” and “negative channels.” Potential reverse causality running from these “channels” to fuel and mineral reserves further complicates the analysis. I conjecture that, as economic historians suggest, the ability of a country to exploit its resource base depends critically on the nature of the learning process involved.

Keywords: Natural Resources; Economic Growth; Development (search for similar items in EconPapers)
JEL-codes: F43 O13 O4 Q0 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2001-04-03
New Economics Papers: this item is included in nep-agr, nep-dev, nep-ene and nep-env
Note: Type of Document - ZIPPED PDF; prepared on IBM PC ; pages: 40; figures: included
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (56)

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Related works:
Journal Article: Natural resource abundance and economic growth revisited (2005)
Working Paper: NATURAL RESOURCE ABUNDANCE AND ECONOMIC GROWTH REVISITED (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpdc:0103001

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