A survey of literature on the resource curse: critical analysis of the main explanations, empirical tests and resource proxies

This paper presents a survey of literature on the `resource curse', a puzzling empirical result that associates natural resource riches with lower economic growth. We show the main theories that attempt to explain the curse ? ranging from the structuralist theses of the 1950s to recent and more consensual institutional causes ?, and present a critical review of results in view of theory, estimation procedures and used resource proxies.

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Year of publication:	2013-02
Authors:	Torres, Nuno ; Afonso, Óscar ; Soares, Isabel
Institutions:	Faculdade de Economia, Universidade do Porto
Subject:	Resource curse \| Natural resources \| Economic growth \| Institutions \| Survey

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Extent:	application/pdf
Series:	CEF.UP Working Papers.
Type of publication:	Book / Working Paper
Notes:	23 pages
Classification:	N50 - Agriculture, Natural Resources, Environment, and Extractive Industries. General, International, or Comparative ; O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products ; O40 - Economic Growth and Aggregate Productivity. General ; O50 - Economywide Country Studies. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010617852