In Search of the Missing Resource Curse

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dc.contributor.author
Lederman, Daniel
en_US
dc.contributor.author
Maloney, William F.
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dc.date.accessioned
2012-06-01T18:35:58Z
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dc.date.available
2012-06-01T18:35:58Z
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dc.date.issued
2008-11
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dc.identifier.uri
http://hdl.handle.net/10986/6901
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dc.description.abstract
The debate over the curse of natural resources has haunted developing countries for decades if not centuries. A review of existing empirical evidence suggests that the curse remains elusive. The fragile negative effect of natural resources on economic growth might be due to international heterogeneity in the effects of natural resources on economic growth, to the use of weak indicators of natural resources that might be unrelated to relative natural-resource endowments, or to the inability of econometric analysis based on international data to capture historical processes. This paper defends an empirical proxy for relative abundance of natural resources, which is based on standard growth theory. In turn, various econometric estimations are hopelessly deployed in the search for the missing resource curse. Some evidence suggests that natural resources might have large positive effects whose true magnitude remains unknown due to unresolved econometric issues.
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dc.language
English
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dc.publisher
World Bank, Washington, DC
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dc.relation.ispartofseries
Policy Research Working Paper; No. 4766
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dc.rights
CC BY 3.0 Unported
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dc.rights.uri
http://creativecommons.org/licenses/by/3.0/
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dc.subject
ABSOLUTE VALUE
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dc.subject
AGRICULTURE
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dc.subject
ANNUAL GROWTH
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ANNUAL GROWTH RATE
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AVERAGE ANNUAL
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AVERAGE GROWTH
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AVERAGE SHARE
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BLACK MARKET
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BLACK MARKET PREMIUM
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CAPITAL ACCUMULATION
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CLASSICAL ECONOMICS
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COMMODITY PRICES
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COMPARATIVE ADVANTAGE
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CONSTANT PRICES
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CONSTANT RETURNS
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CONSTANT RETURNS TO SCALE
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CONTROL VARIABLES
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COUNTRY CHARACTERISTICS
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COUNTRY ECONOMETRIC EVIDENCE
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CREDIBILITY
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CROSS-COUNTRY DATA
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CROSS-COUNTRY INCOME
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dc.subject
DEBT
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dc.subject
DECISION MAKING
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DEPENDENT VARIABLE
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DEPENDENT VARIABLES
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dc.subject
DEPRECIATION
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DESCRIPTIVE STATISTICS
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DEVELOPING COUNTRIES
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DEVELOPMENT ECONOMICS
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dc.subject
DEVELOPMENT POLICY
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dc.subject
DEVELOPMENT SUCCESSES
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DOMESTIC MARKET
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DOMESTIC PRICES
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DOWNWARD BIAS
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DRAG ON GROWTH
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DUMMY VARIABLE
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DUMMY VARIABLES
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DUTCH DISEASE
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DYNAMIC VERSION
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ECONOMETRIC ANALYSES
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ECONOMETRIC ANALYSIS
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ECONOMETRIC ISSUES
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ECONOMETRIC MODELS
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dc.subject
ECONOMETRICS
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dc.subject
ECONOMIC ACTIVITY
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dc.subject
ECONOMIC DEVELOPMENT
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dc.subject
ECONOMIC GROWTH
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dc.subject
ECONOMIC PERFORMANCE
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dc.subject
ECONOMIC REFORM
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dc.subject
ECONOMIC RENTS
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dc.subject
ECONOMIC RESEARCH
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dc.subject
ECONOMIC REVIEW
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dc.subject
ECONOMIC STUDIES
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dc.subject
ECONOMICS RESEARCH
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dc.subject
ECONOMIES OF SCALE
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dc.subject
ELASTICITY
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EMPIRICAL EVIDENCE
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EMPIRICAL GROWTH LITERATURE
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EMPIRICAL GROWTH MODEL
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EMPIRICAL LITERATURE
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dc.subject
EMPIRICAL MODELS
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EMPIRICAL WORK
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dc.subject
ENDOGENOUS GROWTH
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ENDOGENOUS VARIABLE
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EQUILIBRIUM
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EXCESS DEMAND
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EXCHANGE RATES
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EXPLANATORY VARIABLE
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EXPLANATORY VARIABLES
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dc.subject
EXPORTER
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EXPORTERS
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EXPORTS
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EXTERNALITY
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FACTOR ENDOWMENTS
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FINANCIAL MARKETS
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FISCAL POLICIES
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FIXED EFFECTS
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FOREIGN AID
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FOREIGN DEBT
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FUNDAMENTAL DETERMINANTS
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FUTURE RESEARCH
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GDP
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GDP PER CAPITA
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GOLD
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GROWTH CONTEXT
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GROWTH DATA
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GROWTH EMPIRICS
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GROWTH EQUATION
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GROWTH IMPACT
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GROWTH LITERATURE
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GROWTH MODEL
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GROWTH MODELS
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GROWTH PERFORMANCE
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GROWTH POTENTIAL
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GROWTH RATE
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GROWTH RATES
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GROWTH REGRESSIONS
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GROWTH THEORY
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HIGH GROWTH
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HIGH-INCOME COUNTRIES
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HUMAN CAPITAL
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IMPORT
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IMPORT TARIFFS
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IMPORTS
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INCOME DIFFERENCES
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INCOME GROWTH
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INDUSTRIALIZATION
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INSTITUTIONAL CONSTRAINTS
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INSTRUMENTAL VARIABLE
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INTERNATIONAL FINANCIAL STATISTICS
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INVESTMENT RATE
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KNOWLEDGE ECONOMY
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LABOR FORCE
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LABOR MARKET
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LABOR PRODUCTIVITY
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LAGGED DEPENDENT
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LANDLOCKED COUNTRIES
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LDCS
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LEVELS OF EXPORT
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LOCAL CURRENCY
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LONG-TERM GROWTH
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LOW-INCOME COUNTRIES
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MACRO VOLATILITY
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MACROECONOMIC POLICIES
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MACROECONOMIC POLICY
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MARGINAL PRODUCTIVITY
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MONETARY ECONOMICS
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MONOPOLIES
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MONOPOLY
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MONOPOLY RENTS
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NATIONAL INCOME
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NATURAL LOG
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NATURAL LOGARITHM
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NATURAL RESOURCE
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NATURAL RESOURCE ABUNDANCE
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NATURAL RESOURCES
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NEGATIVE CORRELATION
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NEGATIVE EFFECT
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NEGATIVE GROWTH
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NEGATIVE IMPACT
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NEGATIVE RELATIONSHIP
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NEGATIVE SIGN
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NEOCLASSICAL GROWTH
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NEOCLASSICAL GROWTH MODEL
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NEOCLASSICAL GROWTH THEORY
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NET EFFECT
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NET EXPORTS
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0 HYPOTHESIS
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OBSERVED GROWTH
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OPTIMIZATION
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PER CAPITA GROWTH
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PER CAPITA INCOME
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dc.subject
POLICY REFORM
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POLICY RESEARCH
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dc.subject
POLICY REVIEW
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POLITICAL ECONOMY
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POLITICAL ECONOMY CHANNEL
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POLITICAL INSTITUTIONS
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POLITICAL STABILITY
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POSITIVE CORRELATION
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POSITIVE EFFECT
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POSITIVE EFFECTS
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POSITIVE GROWTH
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POSITIVE RELATIONSHIP
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POSITIVE SPILLOVER
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POSITIVE SPILLOVER EFFECTS
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POWER PARITY
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PRIVATE INVESTMENT
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PRIVATE SECTOR
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PRODUCTION FUNCTION
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PRODUCTION FUNCTIONS
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PRODUCTIVITY
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PRODUCTIVITY GROWTH
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PROPERTY RIGHTS
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PROTECTIONISM
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PUBLIC ENTERPRISES
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PUBLIC POLICIES
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PURCHASING POWER
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PURCHASING POWER PARITY
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QUANTILE REGRESSIONS
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RANDOM WALK
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RE-EXPORTS
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REAL EFFECTIVE EXCHANGE RATE
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REAL EXCHANGE RATE
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REAL GDP
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REAL GROWTH
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REGIONAL DUMMIES
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REGIONAL GROWTH
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REGRESSION RESULTS
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RELATIVE PRICES
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dc.subject
RENT SEEKING
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RESOURCE ENDOWMENTS
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SENSITIVITY ANALYSIS
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STANDARD DEVIATION
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STATISTICAL ANALYSIS
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TARIFF BARRIERS
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TOTAL EXPORTS
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TOTAL FACTOR PRODUCTIVITY
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TOTAL FACTOR PRODUCTIVITY GROWTH
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dc.subject
TRADE DATA
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TRADE MOVEMENTS
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TRADE PATTERNS
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TRADE POLICY
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TRADE REGIMES
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TRADE RESTRICTIONS
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UNCERTAINTY
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dc.subject
WEALTH
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dc.subject
WORLD DEVELOPMENT INDICATORS
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dc.title
In Search of the Missing Resource Curse
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okr.identifier.externaldocumentum
000158349_20081104085814
en_US
okr.identifier.internaldocumentum
9993216
en_US
okr.volume
1 of 1
en_US
okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
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okr.topic
Poverty Reduction :: Achieving Shared Growth
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okr.topic
Economic Theory and Research
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okr.topic
Poverty Reduction :: Inequality
en_US
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
en_US
okr.theme
Trade and integration :: Other trade and integration
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okr.sector
Industry and trade :: General industry and trade sector
en_US
okr.identifier.report
WPS4766
en_US
okr.identifier.doi
10.1596/1813-9450-4766
en_US
okr.unit
Development Research Group (DECRG)
en_US
okr.doctype
Publications & Research :: Policy Research Working Paper
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okr.doctype
Publications & Research
en_US
dc.rights.holder
World Bank
en_US
okr.globalpractice
Macroeconomics and Fiscal Management
en_US
okr.globalpractice
Poverty
en_US
okr.globalpractice
Finance and Markets
en_US
okr.googlescholar.linkpresent
yes

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