The Resource Curse and its Potential Reversal

Abstract

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Effects of contracting out employment services: Evidence from a randomized experiment

“…16 We have also administered two surveys to all individuals in the experiment. 17 The first survey was collected either one or three months after individuals were subjected to randomization, and is mainly focused at capturing differences in working methods, but also collects information on short run employment outcomes. 18 The second survey was administered three months after the longest potential treatment at a private placement agency; which means nine (six) months after randomization for immigrants and disabled (adolescents).…”

A Review on the Resource Curse

“…Several studies found the resource curse to disappear under strong institutions (Mehlum et al, 2006a;Apergis and Payne 2014;Bhattacharyya and Collier 2014;Sarmidi et al, 2014) and concluded that abundance may even foster economic growth. (Szalai, 2011;Boschini et al, 2013) Hence, political economy models are plausible candidates to resolve the monotony problem. See Section 4 for further discussion.…”

Essays on marine resources conservation : macroeconomics and national accounting

“…For instance, several papers suggest that the negative relationship between natural resource intensity and economic growth can be reversed if institutional quality is high enough (Boschini et al, 2013). Lederman and Maloney (2002) also argue that the negative correlation between natural resources and economic growth might be contingent on the choice of natural resources indicators and also due to international heterogeneity in the effects of natural resources on economic growth.…”

“…For instance, several papers suggest that the negative relationship between natural resource dependence and economic growth can be reversed if institutional quality is high enough (Boschini et al, 2013). Natural resourcedependent countries constitute both growth losers and growth winners, and some authors argue that the main difference between the success cases and the cases of failure would lie in the quality of institutions and in the political economy (Melhum et al, 2006 andTorvik, 2009).…”

“…The inverse relationship between dependence on natural capital and education has also been explored (Gylfason, 2001). Furthermore, several authors claim that that the negative relationship between natural resource intensity and economic growth can be reversed if institutional quality is high enough (Melhum et al, 2006, Torvik, 2009and Boschini et al, 2013. Besides, the role of natural capital on economic growth may also depend on the country's history, whether or not it is an ancient colony which gives rise to easily exportable, controllable products such as oil and diamonds rather than cereals, for example (Pomeranz,, 2000), the extent of degradation of renewable natural capital, very variable among countries (Sutton et al, 2016), and the relative weight of food and energy in individual income as these are the two major resources which depend on natural capital.…”