『Abstract
A simple application of big-push reasoning suggests that natural
resource booms can be important catalysts for development in poorer
countries. In this paper we present evidence from seven Latin
American countries that natural resource booms are sometimes accompanied
by declining per-capita GDP. We present a model with natural resources,
increasing returns in the spirit of big push models, and expectations
to clarify some of the reasons this may happen.
Keywords: Growth; Natural resource booms; Big push』
1. Introduction
2. Recent findings from cross-country research
3. Recent natural resource booms in Latin America
4. A model of natural resource booms and industrialization
4.1. Conclusions and extensions
Appendix A. List of variables used in the regressions
A.1. Summary of the model
References