IDEAS home Printed from https://ideas.repec.org/a/wej/wldecn/89.html
   My bibliography  Save this article

Mother Earth: Ally or Adversary?

Author

Listed:
  • Thorvaldur Gylfason

Abstract

Economic growth requires capital. This article reviews the relationship between economic growth around the world and six different kinds of capital: real capital; human capital; financial capital; foreign capital; social capital; and natural capital. Economic theory and empirical evidence suggest that domestic and foreign investment, education, financial maturity, and reasonable equality in the distribution of income are all good for growth. However, recent theory and evidence also seem to suggest that natural capital—i.e., abundant natural resources—may crowd out or impair other types of capital and thus impede economic growth over long periods.

Suggested Citation

  • Thorvaldur Gylfason, 2002. "Mother Earth: Ally or Adversary?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 3(1), pages 7-24, January.
    • Handle: RePEc:wej:wldecn:89
    as

    Download full text from publisher

    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=89
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Amor, Thouraya Hadj & Nouira, Ridha & Rault, Christophe & Sova, Anamaria Diana, 2023. "Real exchange rate misalignments and economic growth in Tunisia: New evidence from a threshold analysis of asymmetric adjustments," The Quarterly Review of Economics and Finance, Elsevier, vol. 88(C), pages 215-227.
    2. Vittorio Daniele, 2011. "Natural Resources and the 'Quality' of Economic Development," Journal of Development Studies, Taylor & Francis Journals, vol. 47(4), pages 545-573.
    3. Pendergast, Shannon M. & Clarke, Judith A. & van Kooten, G. Cornelis, 2008. "Corruption, Development and the Curse of Natural Resources," Working Papers 37913, University of Victoria, Resource Economics and Policy.
    4. Ferdinand E. Banks, 2004. "Beautiful and not So Beautiful Minds: An Introductory Essay on Economic Theory and the Supply of Oil," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 28(1), pages 27-62, March.
    5. Helga Kristjánsdóttir, 2005. "The Knowledge-Capital Model and Small Countries," EPRU Working Paper Series 05-09, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    6. Shannon M. Pendergast & Judith A. Clarke & G. Cornelis van Kooten, 2010. "Corruption, development and the Curse of Natural Resources forthcoming Canadian Journal of Political Science," Department Discussion Papers 1002, Department of Economics, University of Victoria.
    7. Alex Coram & Lyle Noakes, 2006. "Relative advantage, queue jumping, and welfare maximizing wealth distribution," UMASS Amherst Economics Working Papers 2006-08, University of Massachusetts Amherst, Department of Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wej:wldecn:89. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ed Jones (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.