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Is Natural Resource Wealth a ‘Blessing’ or a ‘Curse’ for Economic Growth?

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  • Aydan Mohnatova

Abstract

Due to research and debate over this topic, studies have shown that a dependency on resources weaken economies and then in turn lead them to have a toll on human development index, nourishment of the population, life expectancy or availability of water (Bulte, Damania, and Robert T. Deacon 2005).

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  • Aydan Mohnatova, 2021. "Is Natural Resource Wealth a ‘Blessing’ or a ‘Curse’ for Economic Growth?," International Journal of Sciences, Office ijSciences, vol. 10(12), pages 10-13, December.
    • Handle: RePEc:adm:journl:v:10:y:2021:i:12:p:10-13
    DOI: 10.18483/ijSci.2540
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    References listed on IDEAS

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    1. Prachowny,Martin F. J., 1986. "Money in the Macroeconomy," Cambridge Books, Cambridge University Press, number 9780521315944, September.
    2. Rabah Arezki & Kirk Hamilton & Kazim Kazimov, 2011. "Resource Windfalls, Macroeconmic Stability and Growth: The Role of Political Institutions," CESifo Working Paper Series 3678, CESifo.
    3. Acemoglu, Daron & Robinson, James A., 2006. "Economic Backwardness in Political Perspective," American Political Science Review, Cambridge University Press, vol. 100(1), pages 115-131, February.
    4. Bulte, Erwin H. & Damania, Richard & Deacon, Robert T., 2005. "Resource intensity, institutions, and development," World Development, Elsevier, vol. 33(7), pages 1029-1044, July.
    5. Auty, Richard M., 1994. "Industrial policy reform in six large newly industrializing countries: The resource curse thesis," World Development, Elsevier, vol. 22(1), pages 11-26, January.
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    Keywords

    Natural Resource; Economic Growth;

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