Natural resource dependence, non-tradables, and economic growth

Brueckner, Markus (2010) Natural resource dependence, non-tradables, and economic growth. Journal of Comparative Economics, 38 4: 461-471. doi:10.1016/j.jce.2010.06.002

Author Brueckner, Markus
Title Natural resource dependence, non-tradables, and economic growth
Journal name Journal of Comparative Economics   Check publisher's open access policy
ISSN 0147-5967
Publication date 2010-12
Year available 2010
Sub-type Article (original research)
DOI 10.1016/j.jce.2010.06.002
Open Access Status
Volume 38
Issue 4
Start page 461
End page 471
Total pages 11
Place of publication Waltham, MA United States
Publisher Academic Press
Collection year 2010
Language eng
Formatted abstract
I argue that the commonly used nominal measure of natural resource dependence - the share of exports of primary products in GNP - understates in growth regressions the negative link between natural resource dependence and per capita GDP growth. I show that using a purchasing power parity adjusted measure yields an economically much larger negative relationship between per capita GDP growth and natural resource dependence than what has been suggested by the nominal measure. Consistent with the rent-seeking literature, I show that the resource curse is a symptom of societies characterized by high levels of corruption and sluggish checks and balances on political decision-making.
Keyword Corruption
Natural resources
Political institutions
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collection: School of Economics Publications
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Citation counts: TR Web of Science Citation Count  Cited 9 times in Thomson Reuters Web of Science Article | Citations
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Created: Thu, 05 Feb 2015, 17:15:46 EST by Alys Hohnen on behalf of School of Economics