The curse of natural resources and social well-being
La maldición de los recursos naturales y el bienestar social
DOI:
https://doi.org/10.29105/ensayos33.1-3Keywords:
Economic Growth, Social Welfare, Natural ResourcesAbstract
One of the most studied hypotheses in the last decades within the economy of natural resources is “the resource curse”, which suggests that natural resource abundance leads to lower growth rates. This paper links the relationship of abundance and dependence of natural resources with economic growth and social welfare, considering also the institutional quality. The main findings are (i) the evidence against the resource curse, when we use a proxy variable of resource abundance different to that one used in several related works; in this study, this variable used by other authors, is treated as an endogenous variable and it measures resource dependence and (ii) the positive effect of natural resources on economic development, even though diffuse resources have a bigger effect than the point resources. The methods of estimation are 2SLS and 3SLS.
Downloads
References
Acemoglu, D., Johnson, S. y Robinson, J. A. (2001a). “The Colonial Origins of Comparative Development: An Empirical Investigation”. American Economic Review, 91, 1369-1401. DOI: https://doi.org/10.1257/aer.91.5.1369
Acemoglu, D., Johnson, S. y Robinson, J. A. (2001b). An African Success Story: Botswana. MIT Department of Economics Working Paper No. 01-37. DOI: https://doi.org/10.2139/ssrn.290791
Acemoglu, D., Johnson, S. y Robinson, J. A. (2002). “Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution”. The Quarterly Journal of Economics, 117(4), 1231-1294. DOI: https://doi.org/10.1162/003355302320935025
Auty, R. (1993). Sustaining Development in Mineral Economies: The Resource Curse Thesis. Londres, Reino Unido: Routledge.
Auty, R. (2001). “Resource Abundance and Economic Development”. Nueva York, EUA: Oxford University Press.
Auty, R. (2007). The Resource Curse and Sustainable Development. En Atkinson, G., Dietz, S. y Neumayer, E. (Ed.), Handbook of Sustainable Development (207-219). Edward Elgar Publishing. DOI: https://doi.org/10.4337/9781847205223.00023
Brunnschweiler, C. N. y Bulte, E. H. (2008a). “The Resource Curse Revisited and Revised: A Tale of Paradoxes and Red Herrings”. Journal of Environmental Economics and Management, 55(3), 248-264. DOI: https://doi.org/10.1016/j.jeem.2007.08.004
Brunnschweiler, C. N. y Bulte, E. H. (2008b). “Linking Natural Resources to Slow Growth and More Conflict”. Science, 320, 616-617. DOI: https://doi.org/10.1126/science.1154539
Bulte, E. H., Damania, R. y Deacon, R. T. (2005). “Resource Intensity, Institutions and Development”. World Development, 33(7), 1029-1044. DOI: https://doi.org/10.1016/j.worlddev.2005.04.004
Bulte, E. H. y Wick, K. (2006). “Rent Seeking, Conflict and the Natural Resource Curse”. Public Choice, 128(3/4), 457-476. DOI: https://doi.org/10.1007/s11127-005-9010-z
Collier, P., Hoeffler, A. y Soderbom, M. (2004). “On the Duration of Civil War”. Journal of Peace Research, 41(3), 253-273. DOI: https://doi.org/10.1177/0022343304043769
Ding, N. y Field, B. (2005). “Resource Abundance and Economic Growth”. Land Economics, 81(4), 496-502. DOI: https://doi.org/10.3368/le.81.4.496
Gylfason, T., Herbertson, T. T. y Zoega, G. (1999). “A Mixed Blessing: Natural Resources and Economic Growth”. Macroeconomic Dynamics, 3, 204-225. DOI: https://doi.org/10.1017/S1365100599011049
Hausmann, R. y Rigobon, R. (2002). “An Alternative Interpretation of the Resource Curse: Theory and Policy Implications”. NBER Working Paper No. 9424. DOI: https://doi.org/10.3386/w9424
Kunte, A., Hamilton, K., Dixon, J. y Clemens, M. (1998). “Estimating National Wealth: Methodology and Results”. World Bank Environment Department Papers, Environmental Economic Series No. 57.
La Porta, R., Lopez de Silanes, F., Shleifer, A. y Vishny, R. W. (1999). “The Quality of Government”. Journal of Law, Economics and Organization, 15(1), 222-279. DOI: https://doi.org/10.1093/jleo/15.1.222
Manzano, O. y Rigobon, R. (2001). “Resource Curse or Debt Overhang”. NBER Working Paper No. W8390. DOI: https://doi.org/10.3386/w8390
Papyrakis, E. y Gerlagh, R. (2003). “Natural Resources: A Blessing or a Curse?”. FEEM Working Paper No. 8.2003. DOI: https://doi.org/10.2139/ssrn.383482
Papyrakis, E. y Gerlagh, R. (2004). “Natural Resources, Innovation, and Growth”. FEEM Working Paper No. 129.04. DOI: https://doi.org/10.2139/ssrn.609764
Robinson, J. A., Torvik, R. y Verdier, T. (2006). “Political Foundations of the Resource Curse”. Journal of Development Economics, 79, 447-468. DOI: https://doi.org/10.1016/j.jdeveco.2006.01.008
Ross, M. L. (1999). “The Political Economy of the Resource Curse”. World Politics, 51, 297-322. DOI: https://doi.org/10.1017/S0043887100008200
Ross, M. L. (2004). “What Do We Know About Natural Resources and Civil War?”. Journal of Peace Research, 41(3), 337-356. DOI: https://doi.org/10.1177/0022343304043773
Sachs, J. D. y Warner, A. M. (1995). “Natural Resource Abundance and Economic Growth”. NBER Working Paper No. 5398. DOI: https://doi.org/10.3386/w5398
Sachs, J. D. y Warner, A. M. (2001). “Natural Resources and Economic Development: The Curse of Natural Resources”. European Economic Review, 45, 827-838. DOI: https://doi.org/10.1016/S0014-2921(01)00125-8
Sen, A. K. (1986). The Standard of Living. En Sterling McMurrin (Ed.). Tanner Lectures on Human Values, Vol. 7. Cambridge, Reino Unido: Cambridge University Press.
Serageldin, I. (Ed.) (1997). Expanding the Measure of Wealth. Indicators of Environmentally Sustainable Development. Washington DC.: The World Bank.
Stiglitz, J. E. (2005). Making natural resources into a blessing rather than a curse. En Schiffrin, A., y Svetlana Tsalik, A. (Eds). Covering Oil: A Reporter’s Guide to Energy and Development. New York: Open Society Institute.
Torvik, R. (2002). “Natural Resources, Rent Seeking and Welfare”. Journal of Development Economics, 62(2), 455-470. DOI: https://doi.org/10.1016/S0304-3878(01)00195-X
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2014 Nadyra Rodríguez-Arias, Claudia S. Gómez-López
This work is licensed under a Creative Commons Attribution 4.0 International License.