We examine empirically the effect of natural resource abundance on economic growth. We find that natural resources have … a negative impact on growth when considered in isolation, but a positive impact on growth when including in the analysis … other variables such as corruption, investments, openness, terms of trade, and schooling, and treating these variables as …

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 … abundance decreases investment, schooling, openness, and R&D expenditure and increases corruption, and we show that these …

to knowledge creation, a feature based on endogenous growth theory. We analyze the link from resource income future …

elucidate part of the resource curse hypothesis; i.e. the observed negative impact of resource wealth on income growth. We … develop a variation of the Ramsey-Cass-Koopmans model with endogenous growth to explain the phenomenon. In this model … show that an increase in resource income frustrates economic growth in two ways: directly by reducing work effort and …

productivity. …