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dc.contributor.authorAzarchs, Timothyen
dc.contributor.authorKhitarishvili, Tamaren
dc.date.accessioned2010-12-21-
dc.date.accessioned2012-04-12T14:21:53Z-
dc.date.available2012-04-12T14:21:53Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/57047-
dc.description.abstractThe hypothesis of the natural resource curse has captivated the economics profession, and since the mid-1990s has generated a large body of policymaking initiatives aimed at dispelling the curse. In this paper, we evaluate how the effect of resource abundance on economic growth has changed since these policies were first introduced by comparing the periods 1970-89 and 1996-2008. We disaggregate resources into oil, gas, coal, and nonfuel mineral resources, and find that disaggregation unmasks diverse effects of resources on concurrent economic and institutional outcomes, as well as on the ability of countries to transform their economic and institutional infrastructure. We consider resource dependence and institutional quality as two channels linking resource abundance to economic growth in the context of an instrumental variables (IV) model. In addition to exploring these channels, the IV framework enables us to test for the endogeneity of the measures of resource dependence and institutional quality in the growth regressions, paying particular attention to the weakness of the instruments.en
dc.language.isoengen
dc.publisher|aLevy Economics Institute of Bard College |cAnnandale-on-Hudson, NYen
dc.relation.ispartofseries|aWorking Paper |x641en
dc.subject.jelO11en
dc.subject.jelO13en
dc.subject.jelO4en
dc.subject.jelQ3en
dc.subject.ddc330en
dc.subject.keywordresource curseen
dc.subject.keywordresource stocksen
dc.subject.keywordresource dependenceen
dc.subject.keywordrule of lawen
dc.subject.keywordinstitutionsen
dc.subject.keywordeconomic growthen
dc.subject.keywordgrowth regressionsen
dc.subject.keywordinstrumental variablesen
dc.titleDisaggregating the resource curse: Is the curse more difficult to dispel in oil states than in mineral states?-
dc.typeWorking Paperen
dc.identifier.ppn642326703en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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