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The curse of natural resources is a well-documented phenomenon in developing countries: Economies that are richly endowed with natural resources tend to grow slowly. Among the transition economies of the former "Eastern Bloc", a similar pattern can be observed. In the first years of transition,...
Persistent link: https://www.econbiz.de/10011522855
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The curse of natural resources is a well-documented phenomenon for developing countries. Economies that are richly endowed with natural resources tend to grow slowly. Among the transition economies of the former 'Eastern Bloc', a similar pattern can be observed. This paper shows that a large...
Persistent link: https://www.econbiz.de/10014070029