| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP6253
|
| DP6253 Ruggedness: The Blessing of Bad Geography in Africa |
| Diego Puga; Nathan Nunn
|
| 发表日期 | 2007-04-16
|
| 出版年 | 2007
|
| 语种 | 英语
|
| 摘要 | We criticize existing empirical results on the detrimental effects of natural resource dependence on the rate of economic growth after controlling for institutional quality, openness, and initial income. These results do not survive once we use instrumental variables techniques to correct for the endogenous nature of the explanatory variables. Furthermore, they suffer from omitted variables bias as they overestimate the effect of initial income per capita and thus underestimate the speed of conditional convergence. Instead, we provide new evidence for the impact of natural resource dependence on income per capita in a systematic empirical cross-country framework. In addition to a significant negative direct impact of natural resources on income per capita, we find a significant indirect effect of natural resources on institutions. We allow for interaction effects and provide evidence that the natural resource curse is particularly severe for economic performance in countries with a low degree of trade openness. Adopting policies directed toward more trade openness may thus soften the impact of a resource curse. We also check the robustness of our results by using a variety of instruments and also employing the ratio of natural capital rather than natural resource exports to national income as an explanatory variable. We find evidence that resource abundance, measured by the stock of natural capital, also induces a resource curse, but less severely for countries that are relatively open. |
| 主题 | International Macroeconomics
|
| 关键词 | Resource curse
Institutions
Trade policies
Growth performance
Income per capita
|
| URL | https://cepr.org/publications/dp6253
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535072
|
推荐引用方式
GB/T 7714 |
Diego Puga,Nathan Nunn. DP6253 Ruggedness: The Blessing of Bad Geography in Africa. 2007.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
