In Search of the Missing Resource Curse

In "In Search of the Missing Resource Curse," Lederman and Maloney critically tackle the problem of whether the natural resource curse exists. The idea that countries rich in natural resources are "doomed" by the existence of their lucky endowment has been in the minds of economi...

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Main Authors:	Lederman, Daniel, Maloney, William F.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Resource Booms Q330
Online Access:	http://hdl.handle.net/10986/4669

id	okr-10986-4669
recordtype	oai_dc
spelling	okr-10986-46692021-04-23T14:02:19Z In Search of the Missing Resource Curse Lederman, Daniel Maloney, William F. Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Resource Booms Q330 In "In Search of the Missing Resource Curse," Lederman and Maloney critically tackle the problem of whether the natural resource curse exists. The idea that countries rich in natural resources are "doomed" by the existence of their lucky endowment has been in the minds of economists for more than 200 years. Perhaps the most important empirical findings supporting the natural resource curse are the seminal contributions by Jeffrey Sachs and Andrew Warner, who consistently find that countries rich in natural resources tend to grow more slowly than their unendowed counterparts. Many have questioned this view, although the two most prominent critics have been Lederman and Maloney. In this paper, they argue that the channels through which the natural resource curse is most commonly thought to operate are not empirically relevant and most of them are theoretically questionable. The paper builds on earlier work to illustrate that the existing stylized fact of a curse is inconclusive at best. The authors use a better measure for resource intensity than what previous researchers have used and find no evidence of a curse. This is a thought-provoking and carefully crafted paper that convincingly argues against one of the strongest views supported by the conventional wisdom. 2012-03-30T07:29:09Z 2012-03-30T07:29:09Z 2008-10 Journal Article Economia: Journal of the Latin American and Caribbean Economic Association 15297470 http://hdl.handle.net/10986/4669 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Resource Booms Q330
spellingShingle	Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Resource Booms Q330 Lederman, Daniel Maloney, William F. In Search of the Missing Resource Curse
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	In "In Search of the Missing Resource Curse," Lederman and Maloney critically tackle the problem of whether the natural resource curse exists. The idea that countries rich in natural resources are "doomed" by the existence of their lucky endowment has been in the minds of economists for more than 200 years. Perhaps the most important empirical findings supporting the natural resource curse are the seminal contributions by Jeffrey Sachs and Andrew Warner, who consistently find that countries rich in natural resources tend to grow more slowly than their unendowed counterparts. Many have questioned this view, although the two most prominent critics have been Lederman and Maloney. In this paper, they argue that the channels through which the natural resource curse is most commonly thought to operate are not empirically relevant and most of them are theoretically questionable. The paper builds on earlier work to illustrate that the existing stylized fact of a curse is inconclusive at best. The authors use a better measure for resource intensity than what previous researchers have used and find no evidence of a curse. This is a thought-provoking and carefully crafted paper that convincingly argues against one of the strongest views supported by the conventional wisdom.
format	Journal Article
author	Lederman, Daniel Maloney, William F.
author_facet	Lederman, Daniel Maloney, William F.
author_sort	Lederman, Daniel
title	In Search of the Missing Resource Curse
title_short	In Search of the Missing Resource Curse
title_full	In Search of the Missing Resource Curse
title_fullStr	In Search of the Missing Resource Curse
title_full_unstemmed	In Search of the Missing Resource Curse
title_sort	in search of the missing resource curse
publishDate	2012
url	http://hdl.handle.net/10986/4669
_version_	1764392326865616896

In Search of the Missing Resource Curse

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