Do natural resources help or hinder development? Resource abundance, dependence, and the role of institutions
Abstract
Resource abundance has a positive and significant direct effect on many development outcomes. Resource dependence has a negative indirect effect through its impact on institutional quality. The direct and indirect channels affect human and physical development outcomes differently. The results reconcile seemingly contradictory findings in the resource curse literature.
- Publication:
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Resource and Energy Economics
- Pub Date:
- August 2020
- DOI:
- Bibcode:
- 2020REEco..6101183L
- Keywords:
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- Resource curse;
- Resource abundance;
- Resource dependence;
- Development;
- Institutions