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The Paradox of Plenty: A Meta-Analysis

Author

Listed:
  • Magali Dauvin

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • David, Laboratoire d'Economie Dionysien Guerreiro

    (LED - Laboratoire d'Economie Dionysien - UP8 - Université Paris 8 Vincennes-Saint-Denis)

Abstract

Since Sachs and Warner's seminal article in 1995, numerous studies have addressed the link between natural resources and economic growth. Although the "resource curse" effect was commonly accepted at first, many articles have challenged its existence, and the results found in the literature are ambiguous. In this paper, we aim to quantitatively review this literature in order to (i) identify the sources of heterogeneity and (ii) assess the impact of natural resources on economic growth. A meta-analysis is performed on 69 empirical studies on the resource curse, totaling 1,419 estimates. Our findings show that (i) only developing countries suffer from the resource curse although it is soft; (ii) the way natural resources are taken into account is crucial to understand the heterogeneity found in the literature; (iii) the negative impact of the volatility of the terms-of-trade on growth should be qualified. An additional MRA performed on indirect effects size also indicate that when institutions are at their best level, the resource curse disappears and may be turned into a blessing.

Suggested Citation

  • Magali Dauvin & David, Laboratoire d'Economie Dionysien Guerreiro, 2017. "The Paradox of Plenty: A Meta-Analysis," Post-Print hal-03399749, HAL.
    • Handle: RePEc:hal:journl:hal-03399749
    DOI: 10.1016/j.worlddev.2017.01.009
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    Citations

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    Cited by:

    1. Avom, Désiré & Keneck-Massil, Joseph & Njangang, Henri & Nvuh-Njoya, Youssouf, 2022. "Why are some resource-rich countries more sophisticated than others? The role of the regime type and political ideology," Resources Policy, Elsevier, vol. 79(C).
    2. Awoa Awoa, Paul & Atangana Ondoa, Henri & Ngoa Tabi, Henri, 2022. "Women's political empowerment and natural resource curse in developing countries," Resources Policy, Elsevier, vol. 75(C).
    3. Tadadjeu, Sosson & Njangang, Henri & Asongu, Simplice A. & Kamguia, Brice, 2023. "Natural resources, child mortality and governance quality in African countries," Resources Policy, Elsevier, vol. 83(C).
    4. Valérie Mignon & Blaise Gnimassoun & Carl Grekou, 2024. "The industrial cost of fixed exchange rate regimes," Working Papers hal-04582964, HAL.
    5. Awoa Awoa, Paul & Ngouma Yana, Alexandre Ghislain & Okah Efogo, Françoise & Atangana Ondoa, Henri, 2024. "Africa's resource curse: The key role of property rights," Resources Policy, Elsevier, vol. 91(C).
    6. Simplice A. Asongu & Samba Diop & Ekene ThankGod Emeka & Amarachi O. Ogbonna, 2024. "The role of governance and infrastructure in moderating the effect of resource rents on economic growth," Working Papers of the African Governance and Development Institute. 24/027, African Governance and Development Institute..
    7. Awoa Awoa, Paul & Oyono, Jean Cedric & Ngah Atangana, Bénédicte & Okere Atanga, Donald & Zeh, Inès Perolde, 2022. "Natural resource and entrepreneurship: Economic freedom matters," Resources Policy, Elsevier, vol. 79(C).
    8. Konte, Maty & Vincent, Rose Camille, 2021. "Mining and quality of public services: The role of local governance and decentralization," World Development, Elsevier, vol. 140(C).
    9. Slesman, Ly, 2022. "The elusive curse of natural resources on happiness," Resources Policy, Elsevier, vol. 79(C).
    10. Belaid, Fateh & Dagher, Leila & Filis, George, 2021. "Revisiting the resource curse in the MENA region," Resources Policy, Elsevier, vol. 73(C).
    11. Sebri, Maamar & Dachraoui, Hajer, 2021. "Natural resources and income inequality: A meta-analytic review," Resources Policy, Elsevier, vol. 74(C).
    12. Alexandre Henry, 2019. "Transmission channels of the resource curse in Africa : A time perspective," Post-Print hal-03488691, HAL.
    13. Awoa, Paul Awoa & Efogo, Françoise Okah & Ondoa, Henri Atangana, 2023. "Oil dependence and entrepreneurship: Non-linear evidence," Economic Systems, Elsevier, vol. 47(1).
    14. Ozcan, Burcu & Temiz, Mehmet & Gültekin Tarla, Esma, 2023. "The resource curse phenomenon in the case of precious metals: A panel evidence from top 19 exporting countries," Resources Policy, Elsevier, vol. 81(C).
    15. Tadadjeu, Sosson & Njangang, Henri & Woldemichael, Andinet, 2023. "Are resource-rich countries less responsive to global warming? Oil wealth and climate change policy," Energy Policy, Elsevier, vol. 182(C).
    16. Kamguia, Brice & Keneck-Massil, Joseph & Nvuh-Njoya, Youssouf & Tadadjeu, Sosson, 2022. "Natural resources and innovation: Is the R&D sector cursed too?," Resources Policy, Elsevier, vol. 77(C).

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