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Do natural resources depress income per capita?

Abstract:

Most evidence for the resource curse comes from cross-country growth regressions suffers from bias originating from the high and ever-evolving volatility in commodity prices. These issues are addressed by providing new cross-country empirical evidence for the effect of resources in income per capita. Natural resource dependence (resource exports) has a significant negative effect on income per capita, especially in countries with bad rule of law or bad policies, but these results weaken subst...

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Files:
Publisher copy:
10.1111/j.1467-9361.2011.00623.x
Publisher:
Blackwell Publishing
Journal:
Review of Development Economics More from this journal
Volume:
15
Issue:
3
Pages:
504 - 521
Publication date:
2011-01-01
DOI:
ISSN:
1363-6669
Language:
English
UUID:
uuid:1e109dba-9a14-410f-a09d-61df4202a417
Local pid:
oai:economics.ouls.ox.ac.uk:15205
Deposit date:
2011-09-20

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