Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171495
Authors: 
Brunnschweiler, Christa N.
Year of Publication: 
2006
Series/Report no.: 
Economics Working Paper Series 06/51
Abstract: 
Since Sachs and Warner's (1995a) contribution, there has been a lively debate on the so-called natural resource curse. This paper re-examines the effects of natural resource abundance on economic growth using new measures of resource endowment and considering the role of institutional quality. We find a positive direct empirical relationship between natural resource abundance and economic growth. In both OLS and 2SLS re- gressions, the positive resource effects are particularly strong for subsoil wealth. Our results also show no evidence of negative indirect effects of natural resources through the institutional channel.
Subjects: 
Natural resources
resource curse
economic growth
institutional quality
JEL: 
O11
O13
Q0
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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