One of the surprising features of modern economic growth is that economies with abundant natural resources have tended to grow less rapidly than natural-resource-scarce economies. In this paper we show that economies with a high ratio of natural resource exports to GDP in 1971 tended have low growth rate during the subsequent period 1971-1989.
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Paper provided by Harvard - Institute for International Development in its series Papers with number
517a.
Length: 49 pages Date of creation: 1995 Date of revision: Handle: RePEc:fth:harvid:517a
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Find related papers by JEL classification: O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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