The resource curse: a statistical mirage?
A surprising feature of resource-rich economies is slow growth. It is often argued that natural-resource production impedes development by creating market or institutional failures. This paper establishes an alternative explanationa slow-growing resource sector. A declining resource sector is dispr...
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| Format: | Working paper |
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University of Oxford
2014
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| _version_ | 1826279290392543232 |
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| author | James, A |
| author_facet | James, A |
| author_sort | James, A |
| collection | OXFORD |
| description | A surprising feature of resource-rich economies is slow growth. It is often argued that natural-resource production impedes development by creating market or institutional failures. This paper establishes an alternative explanationa slow-growing resource sector. A declining resource sector is disproportionately reflected in resource-dependent countries. Additionally, there is little evidence that resource dependence impedes growth in non-resource sectors. More generally, this paper illustrates the importance of considering industry composition in cross-country growth regressions. |
| first_indexed | 2024-03-06T23:56:31Z |
| format | Working paper |
| id | oxford-uuid:74676161-91b1-44cb-ae30-5a855e06616a |
| institution | University of Oxford |
| last_indexed | 2024-03-06T23:56:31Z |
| publishDate | 2014 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:74676161-91b1-44cb-ae30-5a855e06616a2022-03-26T20:02:33ZThe resource curse: a statistical mirage?Working paperhttp://purl.org/coar/resource_type/c_8042uuid:74676161-91b1-44cb-ae30-5a855e06616aBulk import via SwordSymplectic ElementsUniversity of Oxford2014James, AA surprising feature of resource-rich economies is slow growth. It is often argued that natural-resource production impedes development by creating market or institutional failures. This paper establishes an alternative explanationa slow-growing resource sector. A declining resource sector is disproportionately reflected in resource-dependent countries. Additionally, there is little evidence that resource dependence impedes growth in non-resource sectors. More generally, this paper illustrates the importance of considering industry composition in cross-country growth regressions. |
| spellingShingle | James, A The resource curse: a statistical mirage? |
| title | The resource curse: a statistical mirage? |
| title_full | The resource curse: a statistical mirage? |
| title_fullStr | The resource curse: a statistical mirage? |
| title_full_unstemmed | The resource curse: a statistical mirage? |
| title_short | The resource curse: a statistical mirage? |
| title_sort | resource curse a statistical mirage |
| work_keys_str_mv | AT jamesa theresourcecurseastatisticalmirage AT jamesa resourcecurseastatisticalmirage |