Natural Resources, Conflict and Growth: Uncovering the Transmission Mechanism

Asian Economic and Financial Review

关键词: GDP;    Conflict;    Resource abundance;    Resource curse;    Dutch disease.;   

学科分类：社会科学、人文和艺术（综合）

来源: Asian Economic and Social Society

【 摘 要 】

Using panel data and GMM estimators for the developed countries (DCs) and the less developed countries (LDCs) we find a positive and significant impact of conflict on DC GDP and a negative and significant impact on LDC GDP during the period 1980-2009. Our result on conflict is robust irrespective of model specification and country categorization. Both fuel and ores and minerals have a positive and significant impact on GDP in the LDCs in some specifications contradicting the predominant ?resource curse? view. While openness has a negative and significant impact on GDP in the LDCs. Government expenditure has a negative and significant impact in DCs in one specification, which is an interesting finding in view of the social expenditure reductions in the DCs post 9/11. The use of panel data ensures that non-stationarity of the variables is not a problem and the use of GMM estimators yields estimates that are not biased on account of endogeneity.

【 授权许可】

CC BY