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This paper shows that whether natural resources are good or bad for a country's development depends crucially on the interaction between institutional setting and the type of resources that the country possesses. Some natural resources are for economical and technical reasons more likely to...
Persistent link: https://www.econbiz.de/10010281425
This paper examines how revenues from a natural resource interact with growth and welfare in an overlapping generations model with altruism. The revenues are allocated between public productive services and direct transfers to members of society by spending policies. We analyze how these...
Persistent link: https://www.econbiz.de/10010320923
Several recent papers suggest that the negative association between natural resource intensity and economic growth can be reversed if institutional quality is high enough. We try to understand this result in more detail by decomposing the resource measure, using alternative measures of both...
Persistent link: https://www.econbiz.de/10010321368
Since Sachs and Warner's (1995a) contribution, there has been a lively debate on the so-called natural resource curse. This paper re-examines the effects of natural resource abundance on economic growth using new measures of resource endowment and considering the role of institutional quality....
Persistent link: https://www.econbiz.de/10011753116
Are natural resources a 'curse' or a 'blessing'? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a resource...
Persistent link: https://www.econbiz.de/10010270490
Natural resources in sub-Saharan Africa suffer from a bad reputation. Oil and diamonds, particularly, have been blamed for a number of Africa's illnesses such as poverty, corruption, dictatorship and war. This paper outlines the different areas and transmission channels of how this so-called...
Persistent link: https://www.econbiz.de/10011906519
Specializing in tourism is an option available to a number of less developed countries and regions. But is it a good option? To answer this question, we have compared the relative growth performance of 14 "tourism countries" within a sample of 143 countries, observed during the period 1980-95....
Persistent link: https://www.econbiz.de/10011325125
We analyze whether biodiversity is enhancing the development process in developing countries (DCs) via increasing tourism receipts in a trade based endogenous growth framework. The underlying assumption is that a rich biodiversity - only if used sustainably - provides a comparative advantage in...
Persistent link: https://www.econbiz.de/10010267123
In der gegenwärtigen Debatte um die Ziele sozio-ökonomischer Entwicklung nimmt Wirtschaftswachstum eine zentrale, wenn … auch umstrittene Rolle ein. Während die eine Seite Wirtschaftswachstum als etwas Erstrebenswertes betrachtet, da sie es als … diese beiden Positionen kritisch und argumentiert, dass beide einen Fehler begehen, indem sie Wirtschaftswachstum zu einem …
Persistent link: https://www.econbiz.de/10010314676
We consider the Hartwick rule for capital accumulation and resource depletion, provide semantic clarifications and investigate whether this rule indicates sustainability and requires substitutability between manmade and natural capital. In addition to shedding light on the meaning of the...
Persistent link: https://www.econbiz.de/10010284306