Natural Resources
Curse or Blessing?
Bibliographic Data
| ID | 23323958 |
|---|---|
| Authors | Frederick Van Der Ploeg (University of Oxford, VU University of Amsterdam, Tinbergen Institute, CEPR and CESifo., corresponding author) |
| Year | 2011 |
| Volume | 49 |
| Issue | 2 |
| Pages | 366-420 |
| Publication date | 2011-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Economic Literature (JOURNAL) |
| Journal identifiers | ISSN: 0022-0515 • E-ISSN: 1547-1101 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jel.49.2.366 |
| OpenAlex | W3123261979 |
| Language | EN |
| Citations received | 343 |
| References cited | 163 |
Are natural resources a “curse” or a “blessing”? The empirical evidence suggests that either outcome is possible. This paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a resource bonanza induces appreciation of the real exchange rate, deindustrialization, and bad growth prospects, and that these adverse effects are more severe in volatile countries with bad institutions and lack of rule of law, corruption, presidential democracies, and underdeveloped financial systems. Another hypothesis is that a resource boom reinforces rent grabbing and civil conflict especially if institutions are bad, induces corruption especially in nondemocratic countries, and keeps in place bad policies. Finally, resource rich developing economies seem unable to successfully convert their depleting exhaustible resources into other productive assets. The survey also offers some welfare-based fiscal rules for harnessing resource windfalls in developed and developing economies. (JEL O47, Q32, Q33)
Blessing · Boom · Curse · Developing country · Development economics · Dutch disease · Economic growth · Economics · Exchange rate · International economics · Language change · Market economy · Monetary economics · Monetary policy · Natural resource · Resource (disambiguation) · Resource curse · Seigniorage · Economic Growth and Development · International Development and Aid · Natural Resources and Economic Development
Natural Resource Extraction in a Federation
Trajectories of mining territories
Democratic Institutions, Natural Resource Governance, and Ghana's Oil Wealth
Development of Russian Resource-Type Regions
"Could Payments for Ecosystem Services Create an "Ecosystem Service Curse
Tipos de commodities, taxa de câmbio e crescimento econômico
Diversification for sustainable development in rural and regional Australia
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Taxation, non-tax revenue and democracy
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Do Natural Resource Revenues Hinder Financial Development? The Role of Political Institutions
The resource curse exorcised
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WITHDRAWN–Administrative Duplicate Publication The Dynamics of Industrial Development in a Resource-Rich Developing Society
Natural Resource Dependence and Monopolized Imports
The spoils of nature
Replicating Sachs and Warner’s Working Papers on the Resource Curse
Commodity Prices and Growth
Harnessing Windfall Revenues
Liquefied Natural Gas
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The Long-Run Effects of Oil Wealth on Development
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The Decade of the Multilatinas
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The fiscal resource curse
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Oil, Conflicts, and Political Economy of Migration in Africa
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Policy ambiguity in Ghana’s illegal gold mining sector
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Can mining countries take advantage of their mining rents? A question of abundance, concentration and institutions
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Taxation and Governance in Bangladesh
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Consumption Ethics
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Can the combination of urban development models promote carbon productivity? Evidence from an empirical analysis in China
Transformation of the Development Model for Kemerovo Oblast as a Resource Territory
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The political economy of industrial diversification in a resource-rich country
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The economic impact of mining activity on the Greek island of Milos
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Neo-extractivism in Venezuela and Ecuador
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Natural gas revenues, subnational politics, and agrarian change in Peru and Bolivia
The Social Foundations of Poor Economic Growth in Resource-Rich Countries
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The political economy of resource-driven growth
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An Economic Model of Representative Democracy
On the Theory of Ethnic Conflict
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Agricultural productivity, comparative advantage, and economic growth
The resource curse hypothesis and its transmission channels
Why Economies Slow
The Optimal Depletion of Exhaustible Resources
The Origins of State Capacity
Natural resources, education, and economic development
White elephants
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Reward structures and the allocation of talent
Growth with Exhaustible Natural Resources
Intergenerational Equity and Exhaustible Resources
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Growth Empirics
Geography and Economic Development
The Varieties of Resource Experience
Workers, Warriors, and Criminals
Institutional causes, macroeconomic symptoms
Net national product, wealth, and social well-being
Resource Curse or Not
Volatility and the natural resource curse
The curse of natural resources in fractionalized countries
Booming Sector and Dutch Disease Economics
Sources of Slow Growth in African Economies
Natural resources, democracy and corruption
Addressing the Natural Resource Curse
The resource curse revisited and revised
A Positive Theory of Fiscal Deficits and Government Debt
A Mixed Blessing
The Voracity Effect
Natural resource abundance and economic growth revisited
Institutions Rule
Institutions and Economic Performance
The Colonial Origins of Comparative Development
The curse of natural resources
Resource Abundance and Economic Development
Institutions, Institutional Change and Economic Performance
Why Is Rent-Seeking So Costly to Growth
Chapter 4. An African Success Story
Timber Booms and Institutional Breakdown in Southeast Asia
Corruption and Growth
Commodity Price Shocks and Civil Conflict
Greed and grievance in civil war
Rents, Competition, and Corruption
The Prebisch-Singer Hypothesis
Rural Windfall or a New Resource Curse? Coca, Income, and Civil Conflict in Colombia
Volatility and Growth
Resource intensity, institutions, and development
Savings, Growth and the Resource Curse Hypothesis
Optimal Dutch disease
The narrow moving band, the Dutch disease, and the competitive consequences of Mrs. Thatcher
International financial remoteness and macroeconomic volatility
Investment in education
Rent-seeking and resource booms
Winners and losers in the commodity lottery
Absorbing a windfall of foreign exchange
Oligarchy, democracy, inequality and growth
Commodity currencies and the real exchange rate
Constitutions and the resource curse
Illusory revenues
Natural resources, rent seeking and welfare
Does oil corrupt? Evidence from a natural experiment in West Africa
Contesting resources – rent seeking, conflict and the natural resource curse
Barriers to Technology Adoption and Development
Industrialization and the Big Push
Uncertainty and Exhaustible Resource Markets
Economic Shocks and Civil Conflict
Property Rights, Nineteenth-Century Federal Timber Policy, and the Conservation Movement
Economic Variables and the Development of the Law
Volatility and Investment
The Macroeconomic Implications of a Resource Discovery in an Open Economy
Harnessing Windfall Revenues
Booming Sector and De-Industrialisation in a Small Open Economy
Institutions and the Resource Curse
Valuing Objects and Evaluating Policies in Imperfect Economies
Aid versus Trade Revisited
Oil Prices, Cartels, and the Problem of Dynamic Inconsistency
The `Dutch Disease
Resource Discoveries and `Excessive' External Borrowing
Nuclear Proliferation in Asia
Natural Resources, Conflict, and Conflict Resolution
The Political Economy of the Resource Curse
Primary Commodity Exports and Civil War
Resources and the Information Problem in Rebel Recruitment
Resource Rents, Governance, and Conflict
Kleptocracy and Divide-and-Rule
Foreign aid and rent-seeking
Does Oil Hinder Democracy
Why do Some Countries Produce So Much More Output Per Worker than Others
Political foundations of the resource curse
Do Institutions Cause Growth
Plunder & Protection Inc
The spoils of nature
| Unique citing works | 343 |
|---|---|
| Citations per year | 21,44 |
| Citation span | 2010 - 2026 (17) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 323 |