We criticize existing empirical results on the detrimental effects of natural resource dependence on the rate of economic growth after controlling for institutional quality, openness, and initial income. These results do not survive once we use instrumental variables techniques to correct for...

Part I: Economic and Environmental Aspects of Conservation Capital -- Chapter 1. The Role of Conservation Capital in Developing Economies: A Static General Equilibrium Analysis with Dynamics (Tonmoy Chatterjee) -- Chapter 2. Generating Appropriate Policies to Minimize Environmental Pollution in...