Coverart for item
The Resource Can the natural resource curse be turned into a blessing? : the role of trade policies and institutions, prepared by Rabah Arezki and Frederick van der Ploeg

Can the natural resource curse be turned into a blessing? : the role of trade policies and institutions, prepared by Rabah Arezki and Frederick van der Ploeg

Label
Can the natural resource curse be turned into a blessing? : the role of trade policies and institutions
Title
Can the natural resource curse be turned into a blessing?
Title remainder
the role of trade policies and institutions
Statement of responsibility
prepared by Rabah Arezki and Frederick van der Ploeg
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
We criticize existing empirical results on the detrimental effects of natural resource dependence on the rate of economic growth after controlling for institutional quality, openness, and initial income. These results do not survive once we use instrumental variables techniques to correct for the endogenous nature of the explanatory variables. Furthermore, they suffer from omitted variables bias as they overestimate the effect of initial income per capita and thus underestimate the speed of conditional convergence. Instead, we provide new evidence for the impact of natural resource dependence on income per capita in a systematic empirical cross-country framework. In addition to a significant negative direct impact of natural resources on income per capita, we find a significant indirect effect of natural resources on institutions. We allow for interaction effects and provide evidence that the natural resource curse is particularly severe for economic performance in countries with a low degree of trade openness. Adopting policies directed toward more trade openness may thus soften the impact of a resource curse. We also check the robustness of our results by using a variety of instruments and also employing the ratio of natural capital rather than natural resource exports to national income as an explanatory variable. We find evidence that resource abundance, measured by the stock of natural capital, also induces a resource curse, but less severely for countries that are relatively open
Member of
Action
digitized
Cataloging source
OCLCE
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Arezki, Rabah
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 NO.07/55 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1956-
http://library.link/vocab/relatedWorkOrContributorName
  • Ploeg, Frederick van der
  • International Monetary Fund
http://library.link/vocab/subjectName
  • Natural resources
  • Natural resources
  • Economic development
  • Economic development
  • Exports
  • Exports
  • Ressources naturelles
  • Développement économique
  • Exportations
  • Economic development
  • Economic development
  • Exports
  • Exports
  • Natural resources
  • Developing countries
Label
Can the natural resource curse be turned into a blessing? : the role of trade policies and institutions, prepared by Rabah Arezki and Frederick van der Ploeg
Instantiates
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 27-31)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. Effects of Resource Dependence on Growth Performance: OLS Estimates; Tables; 1. OLS Regression for Growth in Income Per Capita Over the Period 1965-90; 2. OLS Regressions for Growth in Income Per Capita Over the Period 1965-2000; III. Effects of Resource Dependence on Growth Performance: IV Estimates; 3. IV Regressions for Growth in Income Over the Period 1965-2000; IV. Cross-Country Variations in Income Per Capita and Natural Resource Dependence; Figures; 1. Direct and Indirect Effects of Natural Resources on Income Per Capita; A. OLS Estimates; B. IV Estimates
  • 4. OLS Regressions for Income Per Capita 1995 with Log of Natural Resource Exports5. IV Income Per Capita 1995 Regressions Using Log of Natural Resource Exports; 2. Correlation Between Rule of Law and Natural Resource Exports; V. Natural Capital as an Explanatory Variable; A. OLS Regressions with De Facto Openness; B. IV Regressions with De Facto Openness; 6. OLS Income Per Capita 1995 Regressions Using Log of Natural Capital; C. Natural Capital and De Jure Trade Openness; 7. IV Income Per Capita Regressions 1995 Using Log of Natural Capital
  • 8. OLS Income Per Capita Regressions with Natural Capital and De Jure OpennessVI. Robustness: Different Measures of Institutional Quality; 9. IV Income Per Capita Regressions with Natural Capital and De Jure Openness; 10. IV Income Per Capita Regressions Using Expropriation Risk Index; 11. IV Income Per Capita Regressions Using Corruption Index; VII. Concluding Remarks; 3. Corruption/Expropriation Risk and Log of Natural Capital; References; Appendixes; A: Data; B: Estimation of Effects of the Natural Resources on Economic Growth
Control code
647391001
Dimensions
unknown
Extent
1 online resource (34 pages)
Form of item
online
Isbn
9781451910728
Issn
2227-8885
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451910728.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)647391001
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Label
Can the natural resource curse be turned into a blessing? : the role of trade policies and institutions, prepared by Rabah Arezki and Frederick van der Ploeg
Publication
Copyright
Antecedent source
file reproduced from original
Bibliography note
Includes bibliographical references (pages 27-31)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
black and white
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. Effects of Resource Dependence on Growth Performance: OLS Estimates; Tables; 1. OLS Regression for Growth in Income Per Capita Over the Period 1965-90; 2. OLS Regressions for Growth in Income Per Capita Over the Period 1965-2000; III. Effects of Resource Dependence on Growth Performance: IV Estimates; 3. IV Regressions for Growth in Income Over the Period 1965-2000; IV. Cross-Country Variations in Income Per Capita and Natural Resource Dependence; Figures; 1. Direct and Indirect Effects of Natural Resources on Income Per Capita; A. OLS Estimates; B. IV Estimates
  • 4. OLS Regressions for Income Per Capita 1995 with Log of Natural Resource Exports5. IV Income Per Capita 1995 Regressions Using Log of Natural Resource Exports; 2. Correlation Between Rule of Law and Natural Resource Exports; V. Natural Capital as an Explanatory Variable; A. OLS Regressions with De Facto Openness; B. IV Regressions with De Facto Openness; 6. OLS Income Per Capita 1995 Regressions Using Log of Natural Capital; C. Natural Capital and De Jure Trade Openness; 7. IV Income Per Capita Regressions 1995 Using Log of Natural Capital
  • 8. OLS Income Per Capita Regressions with Natural Capital and De Jure OpennessVI. Robustness: Different Measures of Institutional Quality; 9. IV Income Per Capita Regressions with Natural Capital and De Jure Openness; 10. IV Income Per Capita Regressions Using Expropriation Risk Index; 11. IV Income Per Capita Regressions Using Corruption Index; VII. Concluding Remarks; 3. Corruption/Expropriation Risk and Log of Natural Capital; References; Appendixes; A: Data; B: Estimation of Effects of the Natural Resources on Economic Growth
Control code
647391001
Dimensions
unknown
Extent
1 online resource (34 pages)
Form of item
online
Isbn
9781451910728
Issn
2227-8885
Level of compression
  • lossless
  • lossy
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781451910728.001
Other physical details
illustrations
Reformatting quality
  • preservation
  • access
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(OCoLC)647391001
System details
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.

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