The Curse of Natural Resources

A.K. Wick, E.H. Bulte

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

A large literature has developed that documents a negative association between the presence of natural resources and economic development. In this paper we explore the empirics and theories of the so-called resource curse and try to assess its robustness. We conclude that there are many open questions and that the case of the curse needs revision and nuance
Original languageEnglish
Pages (from-to)139-155
JournalAnnual Review of Resource Economics
Volume1
DOIs
Publication statusPublished - 2009

Keywords

  • economic-growth
  • civil-war
  • developing-countries
  • export instability
  • commodity prices
  • dutch disease
  • rent-seeking
  • institutions
  • conflict
  • africa

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