Mavrotas, George; Murshed, Syed Mansoob; Torres, Sebastian - Oxford Centre for the Analysis of Resource-Rich … - 2012
We look at the type of natural resource dependence and growth in developing countries. Certain natural resources called … to growth failure due to institutional failure.We present an explicit model of growth collapse with micro-foundations in … democracy, which hampers growth. The resource curse, however, is more general and not simply confined to mineral exporters. …