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Erscheinungsjahr: 
2006
Schriftenreihe/Nr.: 
Economics Working Paper Series No. 06/51
Verlag: 
ETH Zurich, CER-ETH - Center of Economic Research, Zurich
Zusammenfassung: 
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.
Schlagwörter: 
Natural resources
resource curse
economic growth
institutional quality
JEL: 
O11
O13
Q0
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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