Cursing the blessings? Natural resource abundance, institutions, and economic growth

被引：346
|
作者：
Brunnschweiler, Christa N. [1 ]
机构：
[1] ETH, Zurich, Switzerland
来源：
WORLD DEVELOPMENT | 2008年 / 36卷 / 03期
关键词：
natural resources; resource curse; economic growth; institutional quality;
D O I：
10.1016/j.worlddev.2007.03.004
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
Since Sachs and Warner's [Sachs, J. D., & Warner, A. M. (1995a). Natural resource abundance and economic growth. NBER working paper, no. 5398] contribution, there has been a lively debate on the so-called natural resource curse. This paper re-examines the effects of natural resource abundance on economic growth using new measures of resource endowment and considering the role of institutional quality. We find a positive direct empirical relationship between natural resource abundance and economic growth. In both OLS and 2SLS regressions, the positive resource effects are particularly strong for subsoil wealth. Our results also show no evidence of negative indirect effects of natural resources through the institutional channel. (C) 2007 Elsevier Ltd. All rights reserved.
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页码：399 / 419
页数：21
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