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Manzano, Osmel - 2001

It has been widely believed that resource abundant economies grow less than other economies. In a very influential paper, Sachs and Warner (1997), point out that there is a negative relationship between resource abundance and growth. Two important econometric problems are present in the...

Persistent link: https://www.econbiz.de/10012470330

The Political Resource Curse

Brollo, Fernanda - 2010

The paper studies the effect of additional government revenues on political corruption and on the quality of politicians, both with theory and data. The theory is based on a version of the career concerns model of political agency with endogenous entry of political candidates. The evidence...

Persistent link: https://www.econbiz.de/10012462947

Natural Resource Abundance and Economic Growth

Sachs, Jeffrey D. - 1995

One of the surprising features of modern economic growth is that economies with abundant natural resources have tended to grow less rapidly than natural-resource-scarce economies. In this paper we show that economies with a high ratio of natural resource exports to GDP in 1971 (the base year)...

Persistent link: https://www.econbiz.de/10012473469

The Natural Resource Curse : A Survey

Frankel, Jeffrey A. - 2010

sub-standard economic performance. They are: long-term trends in world commodity prices, volatility, crowding out of …

Persistent link: https://www.econbiz.de/10012462796

An Alternative Interpretation of the 'Resource Curse' : Theory and Policy Implications

Hausmann, Ricardo - 2003

The existence of a natural resource curse has been a longstanding theme in the economic literature and in policy discussions. We propose an alternative mechanism and study its policy implications. The mechanism is based on the interaction between two building blocks: specialization in...

Persistent link: https://www.econbiz.de/10012469279

Addressing the Natural Resource Curse : An Illustration from Nigeria

Sala-i-Martin, Xavier - 2003

Some natural resources -- oil and minerals in particular -- exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources....

Persistent link: https://www.econbiz.de/10012468894

Globalization and Poverty

Harrison, Ann - 2006

This essay surveys the evidence on the linkages between globalization and poverty. I focus on two measures of … globalization: trade and international capital flows. Past researchers have argued that global economic integration should help the … evidence suggests that the poor are more likely to share in the gains from globalization when there are complementary policies …

Persistent link: https://www.econbiz.de/10012466318

Globalization, Structural Change and Productivity Growth

McMillan, Margaret S. - 2011

Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to high-productivity activities are a key driver of...

Persistent link: https://www.econbiz.de/10012461515

Stock Markets, Banks, and Growth : Panel Evidence

Beck, Thorsten - 2002

This paper investigates the impact of stock markets and banks on economic growth using a panel data set for the period …

Persistent link: https://www.econbiz.de/10012469631

News Shocks in Open Economies : Evidence from Giant Oil Discoveries

Arezki, Rabah - 2015

panel of countries. Our empirical estimates are consistent with the predictions of the model. After an oil discovery, the …

Persistent link: https://www.econbiz.de/10012457809

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