『Abstract
Economic theories offer conflicting predictions about the influence
of mineral wealth on poverty. This paper finds that after controlling
for initial income, a state's dependence on mineral exports in
1970 is robustly associated with worsened conditions for the poor
in the late 1990s. While both oil and nonfuel minerals are associated
with poverty, the causal mechanisms are different: in states dependent
on nonfuel minerals, the problem has been slow growth; in oil-dependent
states, it has been the crowding-out of growth in the manufacturing
sector, and a lack of democracy. Other types of primary commodities
are not linked to poverty.
Keywords: Natural resource; Primary commodities; Minerals; Poverty;
Growth.』
Introduction
1. Theoretical views
Pessimistic hypotheses
Optimistic hypotheses
Previous studies
2. Measuring mineral dependence and poverty
3. The effect of mineral wealth on poverty
4. Causal mechanisms
5. Conclusion
References