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The Political Economy of the Natural Resource Curse: A Survey of Theory and Evidence

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  • Deacon, Robert T.

Abstract

This survey focuses on political economy theories of the resource curse and scrutinizes how well, or poorly, these theories have been integrated with empirical work. One reason why this integration is important lies in the practical importance of pinning down the causal links involved in the resource curse. A second reason for focusing on integration of theory and empirics is that the resource curse is a potentially fruitful venue for testing political economy theories generally.

Suggested Citation

  • Deacon, Robert T., 2011. "The Political Economy of the Natural Resource Curse: A Survey of Theory and Evidence," Foundations and Trends(R) in Microeconomics, now publishers, vol. 7(2), pages 111-208, December.
    • Handle: RePEc:now:fntmic:0700000042
    DOI: 10.1561/0700000042
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    More about this item

    Keywords

    Political economy; Rent seeking; Natural resources curse; Environmental Economics; Agricultural and Resource Economics; Political Economists;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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