This essay reviews the relationship between natural-resource abundance and economic growth around the world, and presents some new results. The principal reasons why resource-based production can inhibit economic growth over long periods are traced to the Dutch disease, neglect of education,...

We present a Stackelberg model of conflict, in which contestants have limited endowments to be put in two separate sectors, thus incorporating salient features of many conflicts. The model is applied to the case of conflict over natural resources. Consistent with amounting empirical evidence...

Recommended readings (Machine generated): 1.RobertM.Solow(1974),'TheEconomicsofResourcesortheResourcesofEconomics',AmericanEconomicReview,64(2),May,1-14 -- 2. Harold Hotelling (1931), 'The Economics of Exhaustible Resources', Journal of Political Economy, 39 (2), April, 137-75 -- 3. Partha...

This essay reviews the relationship between natural-resource abundance and economic growth around the world, and presents some new results. The principal reasons why resource-based production can inhibit economic growth over long periods are traced to the Dutch disease, neglect of education,...