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Cursing the blessings? Natural resource abundance, institutions, and economic growth

Brunnschweiler, Christa N. - 2006

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

Resource curse or not: A question of appropriability

Boschini, Anne D.; Pettersson, Jan; Roine, Jesper - 2003

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

Spending Natural Resource Revenues in an Altruistic Growth Model

Hermann Frederiksen, Elisabeth - 2006

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

The resource curse and its potential reversal

Boschini, Anne; Pettersson, Jan; Roine, Jesper - 2012

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

Natural resources: Curse or blessing?

van der Ploeg, Frederick - 2010

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

Context Matters – Rethinking the Resource Curse in Sub-Saharan Africa

Basedau, Matthias - 2005

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

Economics of technological change and the natural environment: How effective are innovations as a remedy for resource scarcity?

Bretschger, Lucas - 2004

The paper aims to substantiate the importance of endogenous innovations when evaluating the compatibility of natural resource use and economic development. It explains that technological change has the potential to compensate for natural resource scarcity, diminishing returns to capital, poor...

Persistent link: https://www.econbiz.de/10011753092

The Hartwick rule: Myths and facts

Asheim, Geir B.; Buchholz, Wolfgang - 2000

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

International Trade and Net Investment: Theory and Evidence

Bretschger, Lucas; Valente, Simone - 2011

The theory of welfare accounting shows that comprehensive measures of net investment can be used to test whether an economy is following unsustainable paths of consumption. However, the notion of net investment used in most applied studies rules out technological progress and terms-of-trade...

Persistent link: https://www.econbiz.de/10011753208

Zum systematischen Stellenwert von Wirtschaftswachstum: Ziel, Mittel oder weder noch?

Hirata, Johannes - 2012

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