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dc.contributor.authorArezki, Rabahen_US
dc.contributor.authorvan der Ploeg, Fredericken_US
dc.date.accessioned2010-06-03en_US
dc.date.accessioned2010-08-18T11:18:04Z-
dc.date.available2010-08-18T11:18:04Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38904-
dc.description.abstractMost evidence for the resource curse comes from cross-country growth regressions suffers from a bias originating from the high and ever-evolving volatility in commodity prices. This paper addresses these issues by providing new cross-country empirical evidence for the effect of resources in income per capita. Natural resource dependence (resource exports) has a significant negative effect on income per capita, especially in countries with bad rule of law or bad policies, but these results weaken substantially once we allow for endogeneity. However, the more exogenous measure of resource abundance (stock of natural capital) has a significant negative effect on income per capita even after controlling for geography, rule of law and de facto or de jure trade openness. Furthermore, this effect is more severe for countries that have little de jure trade openness. These results are robust to using alternative measures of institutional quality (expropriation and corruption instead of rule of law).en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper Fiscal Policy, Macroeconomics and Growth 3056en_US
dc.subject.jelC21en_US
dc.subject.jelC82en_US
dc.subject.jelO11en_US
dc.subject.jelO41en_US
dc.subject.jelQ30en_US
dc.subject.ddc330en_US
dc.subject.keywordresource curseen_US
dc.subject.keywordinstitutionsen_US
dc.subject.keywordtrade policiesen_US
dc.subject.keywordincome per capitaen_US
dc.subject.stwRohstoffressourcenen_US
dc.subject.stwDutch Diseaseen_US
dc.subject.stwSozialprodukten_US
dc.subject.stwInstitutionalismusen_US
dc.subject.stwAußenhandelspolitiken_US
dc.subject.stwVergleichen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleDo natural resources depress income per capita?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn627338437en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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