We examine empirically the effect of natural resource abundance on economic growth. We find that natural resources have … a negative impact on growth when considered in isolation, but a positive impact on growth when including in the analysis … indirect effect on growth, that is, when we examine possible transmission channels, we find a strong negative effect of natural …

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary … to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality …-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income …