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This study re-evaluates the impact of natural resources on growth using panel data and a factor-efficiency accounting framework. The resource-curse thesis is dismissed as capital efficiency is improved by geographically-concentrated natural resources, which hinder institutional quality in recent...
Persistent link: https://www.econbiz.de/10008476411
degrees) present for all components but that its possible reversal is mainly driven by the interaction between institutions … variability in the importance of resources over time. Finally, we address the issue of institutions being determined by our …
Persistent link: https://www.econbiz.de/10011123969
resource measure, using alternative measures of both resources and institutions, and by studying different time periods. While … institutions are good enough. …
Persistent link: https://www.econbiz.de/10010699693
resource measure, using alternative measures of both resources and institutions, and by studying different time periods. While … institutions are good enough. …
Persistent link: https://www.econbiz.de/10010321368
have low quality institutions, while the curse is reversed if institutions are good enough. Using new data we find that …
Persistent link: https://www.econbiz.de/10010281425
have low quality institutions, while the curse is reversed if institutions are good enough. Using new data we find that …
Persistent link: https://www.econbiz.de/10005649472
minerals are cursed only if they have low quality institutions, while the curse is reversed if institutions are sufficiently …
Persistent link: https://www.econbiz.de/10005650476
Because excessive specialization can be risky, diversification matters for sustainable development. A case study of Madagascar, this paper begins by briefly discussing economic and institutional diversification and presenting a simple model of production possibilities to illuminate the possible...
Persistent link: https://www.econbiz.de/10015048370
have low quality institutions, while the curse is reversed if institutions are good enough. Using new data we find that … ; property rights ; institutions ; economic growth ; development …
Persistent link: https://www.econbiz.de/10001788950
resource measure, using alternative measures of both resources and institutions, and by studying different time periods. While … institutions are good enough. -- Natural Resources ; Minerals ; Fuels ; Resource Curse ; Property Rights ; Institutions ; Economic …
Persistent link: https://www.econbiz.de/10009670216