Dietz, Simon; Neumayer, Eric; Soysa, Indra de - EconWPA - 2004
growth, resource abundance might have a negative effect on genuine saving. In fact, the two are closely related, as future … consumption growth is limited by insufficient genuine saving now. In this paper, we apply the most convincing conclusion from the … literature on economic growth – that it is institutional failure that depresses growth – to data on genuine saving. We regress …