Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/118036
Authors: 
Papyrakis, Elissaios
Gerlagh, Reyer
Year of Publication: 
2003
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 8.2003
Abstract: 
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 variables as independent. However, when we take account of the effect of natural resources on the other variables and furthermore consider the indirect effect on growth, that is, when we examine possible transmission channels, we find a strong negative effect of natural resources on growth. Finally, we calculate the relative importance of each transmission channel.
Subjects: 
Natural Resources
growth
transmission channels
JEL: 
C21
O13
Q33
Document Type: 
Working Paper

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