『Abstract
　An analysis using reserves as a measure of resource abundance suggests that natural resource abundance has not been a significant structural determinant of economic growth in the seventies and eighties. The story behind the effect of natural resources on economic growth is a complex one that typical growth regressions do not capture well. Preliminary evidence suggests that natural resources may affect economic growth through both ‘positive’ and ‘negative channels.’ Potential reverse causality running from these ‘channels’ to fuel and mineral reserves further complicates the analysis. I conjecture that, as economic historians suggest, the ability of a country to exploit its resource base depends critically on the nature of the learning process involved.

Keywords: Natural resources; Economic growth; Development』

Introduction
Literature review
　Dutch disease models
　How it is produced, not what is produced
　Different environment, different effects
Data
　Indicators of resource abundance
　Resource reserves vs. production
　Resource abundance vs. resource exports
　Resource abundance and economic growth
Growth regressions
　Reproducing sachs and warner
　Introducing resource abundance
　Controlling for ‘growth club’ membership
　Reintroducing SXP
Channels of operation
　Land
　Oil and gas reserves
　Coal reserves
　Mineral reserves
　Summary
Conclusions
Appendix A. Data appendix
　A.1. Economic and political variables
Appendix B. Energy reserve data
　B.1. Oil
　B.2. Gas
　B.3. Coal
Appendix C. Mineral reserve data
References