Cursing the Blessings? Natural Resource Abundance, Institutions, and Economic Growth

World Development

Volumn 36, Issue 3, 2008, Pages 399-419

  Brunnschweiler, Christa N ^a  

^a ETH ZURICH   (Switzerland)

Author keywords

economic growth; institutional quality; natural resources; resource curse

Indexed keywords

DEVELOPMENT ECONOMICS; ECONOMIC GROWTH; INSTITUTIONAL FRAMEWORK; NATURAL RESOURCE;

EID: 39149086672     PISSN: 0305750X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.worlddev.2007.03.004     Document Type: Article

References (59)

1. Acemoglu D., and Johnson S. Unbundling institutions. Journal of Political Economy 113 (2005) 949-995
2. Acemoglu D., Johnson S., and Robinson J.A. The colonial origins of comparative development: An empirical investigation. American Economic Review 91 (2001) 1369-1401
3. Alesina A., Devleeschauwer A., Easterly W., Kurlat S., and Wacziarg R. Fractionalization. Journal of Economic Growth 8 (2003) 155-194
4. Atkinson G., and Hamilton K. Savings, growth and the resource curse hypothesis. World Development 31 (2003) 1793-1807
5. Auty R.M. Natural resource endowment, the state and development strategy. Journal of International Development 9 (1997) 651-663
6. Auty R.M. The political economy of resource-driven growth. European Economic Review 45 (2001) 839-846
7. Baland J.M., and Francois P. Rent seeking and resource booms. Journal of Development Economics 61 (2000) 527-542
8. Barro R.J., and Lee J.-W. International data on educational attainment: Updates and implications. Oxford Economic Papers 53 (2001) 541-563
9. Boschini A.D., Pettersson J., and Roine J. Resource curse or not: A question of appropriability (2003), Stockholm University, Department of Economics, Mimeo
10. Bravo-Ortega, C., & De Gregorio, J. (2005). The relative richness of the poor? Natural resources, human capital and economic growth. World Bank working paper series, no. 3484.
11. Brunnschweiler, C. N., & Bulte, E. H. (2008). The resource curse revisited an revised: A tale of paradoxes and red herrings. Journal of Environmental Economics and Management, in press.
12. Bulte E.H., Damania R., and Deacon R.T. Resource intensity, institutions, and development. World Development 33 (2005) 1029-1044
13. Collier P., and Hoeffler A. Resource rents, governance, and conflict. Journal of Conflict Resolution 49 (2005) 625-633
14. Davis G.A. Learning to love the Dutch disease: Evidence from the mineral economies. World Development 23 (1995) 1765-1779
15. Ding N., and Field B.C. Natural resource abundance and economic growth. Land Economics 81 (2005) 496-502
16. Easterly W., and Levine R. Africa's growth tragedy: Policies and ethnic divisions. Quarterly Journal of Economics 112 (1997) 1203-1250
17. Gallup J.L., Sachs J.D., and Mellinger A.D. Geography and economic development. International Regional Science Review 22 (1999) 179-232
18. Gwartney J., and Lawson R. Economic freedom of the world: 2005 annual report (2005), The Fraser Institute, Vancouver
19. Gylfason T. Natural resources, education, and economic development. European Economic Review 45 (2001) 847-859
20. Hall R.E., and Jones C.I. Why do some countries produce so much more output per worker than others?. Quarterly Journal of Economics 114 (1999) 83-116
21. Hausmann, R., & Rigobon, R. (2002). An alternative interpretation of the resource curse: Theory and policy implications. NBER working paper, no. 9424.
22. Hodler R. The curse of natural resources in fractionalized countries. European Economic Review 50 (2006) 1367-1386
23. Holmes K.R., Miles M., and O'Grady M.A. Index of economic freedom (2006), The Heritage Foundation, Washington, DC
24. IGS, Institute of Geological Sciences. (1978). World mineral statistics 1970-1974: Production, exports, imports. Her Majesty's Stationery Office, London.
25. Isham J., Pritchett L., Woolcock M., and Busby G. The varieties of resource experience: Natural resource export structures and the political economy of economic growth. World Bank Economic Review 19 (2005) 141-174
26. Jensen N., and Wantchekon L. Resource wealth and political regimes in Africa. Comparative Political Studies 37 (2004) 816-841
27. Kaufmann, D., Kraay, A., & Mastruzzi, M. (2005). Governance matters IV: Governance indicators for 1996-2004. World Bank Policy Research working paper series 2005, no. 3630.
28. Knack S., and Keefer P. Institutions and economic performance: Cross-country tests using an alternative institutional measures. Economics and Politics 7 (1995) 207-227
29. La Porta R., Lopez-de-Silanes F., Shleifer A., and Vishny R. The quality of government. Journal of Law, Economics, & Organization 15 (1999) 222-278
30. Ledermann, D., & Maloney, W. F. (2003). Trade structure and growth. World Bank Policy Research working paper, no. 3025.
31. Leite, C., & Weidmann, J. (1999). Does mother nature corrupt? Natural resources, corruption, and economic growth. IMF working paper 1999, no. 99/85.
32. Manzano, O., & Rigobon, R. (2001). Resource curse or debt overhang? NBER working paper, no. 8390.
33. Marshall, M. G., & Jaggers, K. (2002). Polity IV project: Political regime characteristics and transitions, 1800-2002. .
34. Matsen E., and Torvik R. Optimal Dutch disease. Journal of Development Economics 78 (2005) 494-515
35. Mauro P. Corruption and growth. Quarterly Journal of Economics 110 (1995) 681-712
36. Mehlum H., Moene K., and Torvik R. Institutions and the resource curse. The Economic Journal 116 (2006) 1-20
37. Neumayer E. Does the "resource curse" hold for growth in genuine income as well?. World Development 32 (2004) 1627-1640
38. Norman C. Rule of law and the resource curse: Abundance versus intensity? (2006), Johns Hopkins University, Mimeo
39. Papyrakis E., and Gerlagh R. The resource curse hypothesis and its transmission channels. Journal of Comparative Economics 32 (2004) 181-193
40. Robinson J.A., Torvik R., and Verdier T. The political foundations of the resource curse. Journal of Development Economics 79 (2006) 447-468
41. Rodriguez F., and Sachs J.D. Why do resource-abundant economies grow more slowly?. Journal of Economic Growth 4 (1999) 277-303
42. Rodrik D., Subramanian A., and Trebbi F. Institutions rule: The primacy of institutions over geography and integration in economic development. Journal of Economic Growth 9 (2004) 131-165
43. Ross M.L. The political economy of the resource curse. World Politics 51 (1999) 297-322
44. Ross M.L. Does oil hinder democracy?. World Politics 53 (2001) 325-361
45. Sachs, J. D. (2003). Institutions don't rule: Direct effects of geography on per capita income. NBER working paper, no. 9490.
46. Sachs, J. D., & Warner, A. M. (1995a). Natural resource abundance and economic growth. NBER working paper, no. 5398.
47. Sachs, J. D., & Warner, A. M. (1995b). Economic convergence and economic policies. NBER working paper, no. 5039.
48. Sachs J.D., and Warner A.M. Natural resource abundance and economic growth (1997), Center for International Development and Harvard Institute for International Development, Mimeo
49. Sachs J.D., and Warner A.M. The big push, natural resource booms and growth. Journal of Development Economics 59 (1999) 43-76
50. Sachs J.D., and Warner A.M. Natural resources and economic development: The curse of natural resources. European Economic Review 45 (2001) 827-838
51. Sala-i-Martin, X., & Subramanian, A. (2003). Addressing the natural resource curse: An illustration from Nigeria. NBER working paper, no. 9804.
52. Stijns, J.-P. C. (2003). An empirical test of the Dutch disease hypothesis using a gravity model of trade. Unpublished manuscript, Northeastern University.
53. Stijns J.-P.C. Natural resource abundance and economic growth revisited. Resources Policy 30 (2005) 107-130
54. Stijns J.-P.C. Natural resource abundance and human capital accumulation. World Development 34 (2006) 1060-1083
55. Tornell A., and Lane P.R. The voracity effect. American Economic Review 89 (1999) 22-46
56. Torvik R. Natural resources, rent seeking and welfare. Journal of Development Economics 67 (2002) 455-470
57. World Bank. (1997). Expanding the measure of wealth: Indicators of environmentally sustainable development. Environmentally sustainable development studies and monographs series, no. 17.
58. World Bank. (2005). Where is the wealth of nations? Measuring capital for the XXI century. IBRD/World Bank, Washington, DC.
59. Wright G., and Czelusta J. Why economies slow: The myth of the resource curse. Challenge: The Magazine of Economic Affairs 47 (2004) 6-38