In Search of the Missing Resource Curse

Lederman, Daniel ; Maloney, William F.

World Bank, Washington, DC

关键词: ABSOLUTE VALUE;    AGRICULTURE;    ANNUAL GROWTH;    ANNUAL GROWTH RATE;    AVERAGE ANNUAL;   

DOI  :  10.1596/1813-9450-4766
RP-ID  :  WPS4766

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The debate over the curse of naturalresources has haunted developing countries for decades ifnot centuries. A review of existing empirical evidencesuggests that the curse remains elusive. The fragilenegative effect of natural resources on economic growthmight be due to international heterogeneity in the effectsof natural resources on economic growth, to the use of weakindicators of natural resources that might be unrelated torelative natural-resource endowments, or to the inability ofeconometric analysis based on international data to capturehistorical processes. This paper defends an empirical proxyfor relative abundance of natural resources, which is basedon standard growth theory. In turn, various econometricestimations are hopelessly deployed in the search for themissing resource curse. Some evidence suggests that naturalresources might have large positive effects whose truemagnitude remains unknown due to unresolved econometric issues.