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Natural Resources and Economic Growth: A Curse or a Blessing?

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  • Vittorio Daniele

Abstract

The debate on the «curse of natural resources» is a topical issue in empirical research on economic development. This paper examines the relationship between natural resources and growth rates in a cross-section of countries, by separately analyzing abundance of resources and dependence on these. Results show how dependence on exports of metals and ores is negatively associated with growth; an abundance of resources, measured both in terms of production of diamonds and oil and in terms of subsoil assets, does not appear to influence economic growth negatively. Results are consistent with some literature, according to which the effect of resources rents on economic growth strictly depends on national institutional characteristics.

Suggested Citation

  • Vittorio Daniele, 2011. "Natural Resources and Economic Growth: A Curse or a Blessing?," Rivista italiana degli economisti, Società editrice il Mulino, issue 3, pages 507-507.
    • Handle: RePEc:mul:jqat1f:doi:10.1427/35767:y:2011:i:3:p:507
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    Cited by:

    1. Milawati Milawati & Abdul Rozak Fahrudin, 2021. "How is the Performance of Education in Indonesia?," International Review of Management and Marketing, Econjournals, vol. 11(1), pages 29-35.
    2. Nasiru Inuwa & Sagir Adamu & Mohammed Bello Sani & Abubakar Muhammad Saidu, 2022. "Resource Curse Hypothesis in GCC Member Countries: Evidence from Seemingly Unrelated Regression," Biophysical Economics and Resource Quality, Springer, vol. 7(4), pages 1-10, December.
    3. Abdul Rahim Ridzuan & Mohd Shahidan Shaari & Anita Rosli & Abdul Rahim Md Jamil & Siswantini Siswantini & Arsiyanti Lestari & Shahsuzan Zakaria, 2021. "The Nexus between Economic Growth and Natural Resource Abundance in Selected ASEAN countries before Pandemic Covid-19," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 281-292.
    4. Yang, Jinxuan & Rizvi, Syed Kumail Abbas & Tan, Zhixiong & Umar, Muhammad & Koondhar, Mansoor Ahmed, 2021. "The competing role of natural gas and oil as fossil fuel and the non-linear dynamics of resource curse in Russia," Resources Policy, Elsevier, vol. 72(C).
    5. Azam, Anam & Ateeq, Muhammad & Shafique, Muhammad & Rafiq, Muhammad & Yuan, Jiahai, 2023. "Primary energy consumption-growth nexus: The role of natural resources, quality of government, and fixed capital formation," Energy, Elsevier, vol. 263(PA).

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