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The Financial Resource Curse* [PDF]
The Scandinavian Journal of Economics, 2013 AbstractIn this paper, we present a model of the financial resource curse (i.e., episodes of abundant access to foreign capital coupled with weak productivity growth). We study a two‐sector (i.e., tradable and non‐tradable) small open economy. The tradable sector is the engine of growth, and productivity growth is increasing with the amount of labor ...
Benigno, Gianluca, Fornaro, Luca
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Happiness and the Resource Curse [PDF]
Journal of Happiness Studies, 2019 There has been increasing interest in the so-called ‘resource curse’: the tendency of resource-rich countries to underperform in several socio-economic outcomes. More recently, several papers have looked beyond the traditional impact on economic growth and instead focused on the effects upon broader human welfare indicators.
Sabna Ali +2 more
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Cursed by Resources or Institutions? [PDF]
The World Economy, 2006 Natural resource‐abundant countries constitute both growth losers and growth winners, and the main difference between the success cases and the cases of failure lies in the quality of institutions. With grabber‐friendly institutions more natural resources push aggregate income down, while with producer‐friendly institutions more natural resources ...
Halvor Mehlum +2 more
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Institutions and the Resource Curse [PDF]
The Economic Journal, 2006 Countries rich in natural resources constitute both growth losers and growth winners. We claim that the main reason for these diverging experiences is differences in the quality of institutions. More natural resources push aggregate income down, when institutions are grabber friendly, while more resources raise income, when institutions are producer ...
Mehlum, Halvor +2 more
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The Political Resource Curse [PDF]
SSRN Electronic Journal, 2010 This paper studies the effect of additional government revenues on political corruption and on the quality of politicians, both with theory and data. The theory is based on a political agency model with career concerns and endogenous entry of candidates.
F. Brollo +3 more
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Is the 'Curse of Natural Resources' Really a Curse? [PDF]
SSRN Electronic Journal, 2008 This paper takes a new look at the long-run implications of resource abundance. Using a Schumpeterian growth model that yields an analytical solution for the transition path, it derives conditions under which the curse of natural resources occurs and is in fact a curse, meaning that welfare falls, conditions under which it occurs but it is not a curse,
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The resource curse and duties to immigrants [PDF]
Ethics & Global Politics, 2021 This paper brings together the discussions on international resource trade and immigration. Following Wenar’s analysis of the resource curse, the aim is to challenge the conventional view on immigration that asserts the right of states to have discretionary control over these policies.
Crnko, Tamara, Zelič, Nebojša
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Natural Resources: Curse or Blessing? [PDF]
Journal of Economic Literature, 2010 Are natural resources a “curse” or a “blessing”? The empirical evidence suggests that either outcome is possible. This paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources.
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The resource curse: A statistical mirage? [PDF]
Journal of Development Economics, 2015 Abstract A surprising feature of resource-rich economies is slow growth. It is often argued that natural-resource production impedes development by creating market or institutional failures. This paper establishes an alternative explanation—a slow-growing resource sector.
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Natural Resources: A Blessing or a Curse? [PDF]
, 2003 We examine empirically the effect of natural resource abundance on economic growth. We find that natural resources have a negative impact on growth when considered in isolation, but a positive impact on growth when including in the analysis other variables such as corruption, investments, openness, terms of trade, and schooling, and treating these ...
Elissaios Papyrakis, Reyer Gerlagh
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