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The Natural Resource Curse: do natural resources have a lasting impact on economic growth?

by Weicht, Patricia

Abstract

One surprising aspect of developmental economics is that natural resources do not always have the positive impact on economic growth that theory suggests. The natural resource curse explains the phenomenon that countries with a large natural resource abundance grow more slowly than those with few natural resources. Previous empirical studies focus on the effects of natural resources on growth until the early 1990s. This paper expands these studies, finding that the negative relationship between economic growth and natural resources has continued beyond the 1990s into the present. Using both ordinary least squares and instrumental variable analysis, this paper confirms the negative association between natural resources and economic growth.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College
PID
coccc:25978
Digital Origin
born digital
Extent
33 pages : illustrations
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Smith, Mark
Department/Program
Department of Economics and Business
Degree Name
Bachelor of Arts
Degree Type
bachelor
Degree Grantor
Colorado College
Date Issued
2016-05