『Abstract
We critically evaluate the empirical basis for the so-called
resource curse and find that, despite the topic's popularity in
economics and political science research, this apparent paradox
may be a red herring. The most commonly used measure of “resource
abundance” can be more usefully interpreted as a proxy for “resource
dependence” - endogenous to underlying structural factors. In
multiple estimations that combine resource abundance and dependence,
institutional, and constitutional variables, we find that (i)
resource abundance, constitutions, and institutions determine
resource dependence, (ii) resource dependence does not affect
growth, and (iii) resource abundance positively affects growth
and institutional quality.
Keywords: Natural resource curse; Economic growth; Growth regressions;
Political regimes; Institutions; Constitutions』
1. Introduction
2. Estimation strategy and data
3. Empirical results
4. Robustness with respect to alternative resource abundance measures
5. Conclusions and discussion
Acknowledgments
Appendix A
References