Publication:
Nonrenewable Resources, Income Inequality and Per Capita GDP: An Empirical Analysis

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dc.contributor.authorScognamillo, Antonio
dc.contributor.authorSensini, Luca
dc.contributor.authorMele, Gianluca
dc.date.accessioned2016-10-13T19:27:48Z
dc.date.available2016-10-13T19:27:48Z
dc.date.issued2016-09
dc.description.abstractThis analysis examines the relationship between nonrenewable resource dependence, economic growth and income inequality. It uses a two-equation system in which the Gini index and GDP per capita are the dependent variables and the stock of nonrenewable resources as a share of national wealth -- i.e. resource dependence -- is the independent variable. Using a dataset that includes information on 43 countries from 1980 to 2012, this paper estimates several model specifications in order to check the robustness of the results under different assumptions and to account for income-group-related heterogeneity among countries. The baseline model provides strong evidence that natural resource dependence is negatively correlated with both per capita GDP and the Gini index; in other words, resource dependence is associated with lower income levels, but also with a more equal distribution of income. Interestingly, however, after controlling for country income group, the sign and magnitude of these relationships appear to become dependent on national-level structural characteristics. Among higher-income countries, greater nonrenewable natural resource dependence is associated with lower income inequality, while there is no statistically significant correlation with GDP per capita. Among the lower-income group, greater dependence on nonrenewable natural resources is associated with both higher levels of income inequality and lower per capita GDP. Further analysis focusing on a subsample of non-renewable resource rich countries confirms these findings.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/09/26805462/nonrenewable-resources-income-inequality-capita-gdp-empirical-analysis
dc.identifier.doi10.1596/1813-9450-7831
dc.identifier.urihttps://hdl.handle.net/10986/25147
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7831
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectnatural capital
dc.subjectnonrenewable resources
dc.subjecteconomic growth
dc.subjectinequality
dc.subjectincome distribution
dc.titleNonrenewable Resources, Income Inequality and Per Capita GDPen
dc.title.subtitleAn Empirical Analysisen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleNonrenewable Resources, Income Inequality and Per Capita GDP: An Empirical Analysis
okr.date.disclosure2016-09-22
okr.date.doiregistration2025-04-07T08:23:24.454020Z
okr.date.doiregistration2025-04-08T16:11:08.422159Z
okr.date.doiregistration2025-04-09T03:02:17.442167Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/09/26805462/nonrenewable-resources-income-inequality-capita-gdp-empirical-analysis
okr.guid407371474550161615
okr.identifier.doi10.1596/1813-9450-7831
okr.identifier.doihttps://doi.org/10.1596/1813-9450-7831
okr.identifier.externaldocumentum090224b0845bebde_4_0
okr.identifier.internaldocumentum26805462
okr.identifier.reportWPS7831
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/407371474550161615/pdf/WPS7831.pdfen
okr.topicEnvironment::Natural Resources Management
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicMacroeconomics and Economic Growth::Income
okr.topicPoverty Reduction::Inequality
okr.unitMacroeconomics and Fiscal Management Global Practice Group
relation.isAuthorOfPublicationb5e27836-2296-4a8d-91d7-f216bf2e7025
relation.isAuthorOfPublication.latestForDiscoveryb5e27836-2296-4a8d-91d7-f216bf2e7025
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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