The resource curse: A statistical mirage?

• 成果类型: Article
• 署名作者: James, Alexander
• 署名单位: University of Alaska System; University of Alaska Anchorage
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2014.10.006
• 发表日期: 2015
• 页码: 55-63
• 关键词: Resource dependence; Economic growth; resource curse

摘要

A surprising feature of resource-rich economies is slow growth. It is often argued that natural-resource production impedes development by creating market or institutional failures. This paper establishes an alternative explanation-a slow-growing resource sector. A declining resource sector is disproportionately reflected in resource-dependent countries. Additionally, there is little evidence that resource dependence impedes growth in non-resource sectors. More generally, this paper illustrates the importance of considering industry composition in cross-country growth regressions. (C) 2014 Elsevier B.V. All rights reserved.