Savings, Growth and the Resource Curse Hypothesis

Atkinson, Giles; Hamilton, Kirk

doi:10.1016/j.worlddev.2003.05.001

Cited by 402 publications

(235 citation statements)

References 17 publications

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“…Again, this line of reasoning has a parallel in literature on the resource curse. Atkinson and Hamilton (2003) argue that negative genuine investment tends to be associated with resource abundance. Along similar lines, Neumayer (2004), using cross-national data on GDP adjusted for depreciation of natural capital, demonstrates that the impact of resource abundance on adjusted GDP growth is smaller than the impact on unadjusted GDP growth.…”

Section: Falls)mentioning

confidence: 99%

Corruption and Sustainable Development

Aidt¹

2011

International Handbook on the Economics of Corruption, Volume Two

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Section: Falls)mentioning

confidence: 99%

Corruption and Sustainable Development

Aidt¹

2011

International Handbook on the Economics of Corruption, Volume Two

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“…Directly linked to the Dutch disease effect, a second explanation is based on the role of savings. Among resource-rich countries, empirical evidence has shown that those countries with the highest (resource wealth adjusted) savings rate generally have managed to escape the resource curse (Atkinson and Hamilton, 2003;Boyce and Emery, 2005;Neumayer, 2004). Countries that manage their resource wealth more in accordance with the optimality criteria will fare better than those who do not.…”

mentioning

confidence: 99%

Environment, Human Development and Economic Growth

Costantini¹,

Monni²

2006

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Environment, Human Development and Economic Growth SummaryOver the last few years, environmental issues have entered into policy design, particularly development and growth policies. Natural resources are considered necessary production inputs and environmental quality is considered a welfare determinant. The integration of environmental issues into economic growth and development theories and empirics is currently widely analyzed in the literature. The effects of natural resources endowment on economic growth are mainly analyzed through the so-called Resource Curse Hypothesis (RCH) whereas the effects of economic growth on environmental quality are part of the Environmental Kuznets Curve (EKC). Furthermore, recent contributions on RCH and EKC have shown the important role of institutions and human development dimensions in building a sustainable development path. In this paper, we attempt to analyze the causal relationships between economic growth, human development and sustainability combining the RCH and EKC models and adopting a human development perspective.

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“…Given the "uncontrollable" mortality rate is a function of country healthcare provision, institutional quality (e.g., the quality of those government institutions with responsibility for decisions regarding healthcare) will determine the system's effectiveness in mitigating any negative effects of commodity price movements. Indeed, studies such as Atkinson and Hamilton (2003) and Van der Ploeg (2011) already suggest that good institutions play an essential role in economies deriving positive benefits from resource income. Measures of institutional quality include direct measures of corruption or type of political regime, such as whether a specific regime is considered a democracy or autocracy.…”

Section: Role Of Institutionsmentioning

confidence: 99%

Child mortality, commodity price volatility and the resource curse

Makhlouf

Kellard

Vinogradov

2017

Social Science & Medicine

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Given many developing economies depend on primary commodities, the fluctuations of commodity prices may imply significant effects for the wellbeing of children. To investigate, this paper examines the relationship between child mortality and commodity price movements as reflected by country-specific commodity terms-of-trade. Employing a panel of 69 low and lower-middle income countries over the period 1970-2010, we show that commodity terms-of-trade volatility increases child mortality in highly commodity-dependent importers suggesting a type of 'scarce' resource curse. Strikingly however, good institutions appear able to mitigate the negative impact of volatility. The paper concludes by highlighting this tripartite relationship between child mortality, volatility and good institutions and posits that an effective approach to improving child wellbeing in low to lower-middle income countries will combine hedging, import diversification and improvement of institutional quality.

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Savings, Growth and the Resource Curse Hypothesis

Cited by 402 publications

References 17 publications

Corruption and Sustainable Development

Corruption and Sustainable Development

Environment, Human Development and Economic Growth

Child mortality, commodity price volatility and the resource curse

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