Papyrakis, Elissaios; Gerlagh, Reyer - Fondazione ENI Enrico Mattei (FEEM) - 2004
income growth among regions. Empirical data seem to support the absolute convergence hypothesis for U.S. states, but the data … also show that natural resource-abundance is a significant negative determinant of growth. We find that natural resource … effects can fully explain the negative effect of natural resource abundance on growth. …