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Paradox Of The Abundance: Human Development And Extractivism At Global Level 2010-2015

Author

Listed:
  • Marcelo Varela Enriquez

    (Universidad Central del Ecuador, Ecuador)

  • Cecilia Nicole Cerda Monge

    (Universidad Central del Ecuador, Ecuador)

  • Gustavo Adrian Salazar Espinoza

    (Universidad Central del Ecuador, Ecuador)

Abstract

Since the nineties some econometrics studies had realized about the relationship between the abundance of natural resources and human development, where some authors depending of the variables have categorized it as a curse while others as an opportunity. In this research project, analyze a balanced short panel of 142 countries for the period 2010-2015, taking as a dependent variable the Inequality-adjusted Human Development Index (IDHI), and as a proxy variable of extractivism the Total Natural Resources Rents as a percentage of the Gross Domestic Product (GDP), in addition to other control variables. The series was transformed into first differences, resulting in a significant relationship with negative slope among the variables of interest. Hence, there is a curse of abundance at global level.

Suggested Citation

  • Marcelo Varela Enriquez & Cecilia Nicole Cerda Monge & Gustavo Adrian Salazar Espinoza, "undated". "Paradox Of The Abundance: Human Development And Extractivism At Global Level 2010-2015," Review of Socio - Economic Perspectives 201946, Reviewsep.
    • Handle: RePEc:aly:journl:201946
    DOI: https://doi.org/10.19275/RSEP072
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    References listed on IDEAS

    as
    1. Jeffrey D. Sachs & Andrew M. Warner, 1995. "Natural Resource Abundance and Economic Growth," NBER Working Papers 5398, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    Paradox of the abundance; Human Development; Extractivism; Panel Data; Inequality;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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