Do natural resources depress income per capita?
| Autor: | van der Ploeg, F., Arezki, R. |
|---|---|
| Přispěvatelé: | Spatial Economics |
| Rok vydání: | 2020 |
| Předmět: |
jel:C82
Rohstoffressourcen Welt resource curse institutions trade policies income per capita O41 jel:C21 jel:O41 Dutch Disease 0502 economics and business ddc:330 institutions 050207 economics Q30 O11 050208 finance Außenhandelspolitik trade policies SDG 16 - Peace Justice and Strong Institutions 05 social sciences 1. No poverty 16. Peace & justice C82 8. Economic growth jel:O11 jel:Q30 income per capita Institutionalismus Vergleich C21 resource curse Sozialprodukt Schätzung |
| Zdroj: | Review of Development Economics Review of Development Economics, 15(3), 504-521. Wiley-Blackwell van der Ploeg, F & Arezki, R 2011, ' Do natural resources depress income per capita? ', Review of Development Economics, vol. 15, no. 3, pp. 504-521 . https://doi.org/10.1111/j.1467-9361.2011.00623.x |
| ISSN: | 1363-6669 |
| Popis: | Most evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in income per capita. Natural resource dependence (resource exports) has a significant negative effect on income per capita, especially in countries with bad rule of law or bad policies, but these results weaken substantially once we allow for endogeneity. However, the more exogenous measure of resource abundance (stock of natural capital) has a significant negative effect on income per capita even after controlling for geography, rule of law and de facto or de jure trade openness. Furthermore, this effect is more severe for countries that have little de jure trade openness. These results are robust to using alternative measures of institutional quality (expropriation and corruption instead of rule of law). |
| Databáze: | OpenAIRE |
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