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In search of the missing resource curse

Author: Daniel Lederman; William Francis Maloney; World Bank.
Publisher: [Washington, D.C] : World Bank, 2008.
Series: Policy research working paper, 4766; World Bank E-Library Archive
Edition/Format:   Computer file : EnglishView all editions and formats
Summary:
"The debate over the curse of natural resources has haunted developing countries for decades if not centuries. A review of existing empirical evidence suggests that the curse remains elusive. The fragile negative effect of natural resources on economic growth might be due to international heterogeneity in the effects of natural resources on economic growth, to the use of weak indicators of natural resources that  Read more...
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Details

Material Type: Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Daniel Lederman; William Francis Maloney; World Bank.
OCLC Number: 874238792
Notes: Erscheinungsjahr in Vorlageform:[2008].
Description: 1 online resource.
Series Title: Policy research working paper, 4766; World Bank E-Library Archive
Responsibility: Daniel Lederman, William F. Maloney.

Abstract:

"The debate over the curse of natural resources has haunted developing countries for decades if not centuries. A review of existing empirical evidence suggests that the curse remains elusive. The fragile negative effect of natural resources on economic growth might be due to international heterogeneity in the effects of natural resources on economic growth, to the use of weak indicators of natural resources that might be unrelated to relative natural-resource endowments, or to the inability of econometric analysis based on international data to capture historical processes. This paper defends an empirical proxy for relative abundance of natural resources, which is based on standard growth theory. In turn, various econometric estimations are hopelessly deployed in the search for the missing resource curse. Some evidence suggests that natural resources might have large positive effects whose true magnitude remains unknown due to unresolved econometric issues. "--World Bank web site.

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