Natural Resources, Institutional Quality, and Economic Growth in China

Kan Ji; Jan R. Magnus; Wendun Wang

doi:10.1007/s10640-013-9673-8

Natural Resources, Institutional Quality, and Economic Growth in China

Kan Ji, Jan R. Magnus^*, Wendun Wang

^*Corresponding author for this work

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

The resource curse has been mainly studied using cross-country samples. In this paper we analyze a cross-province sample from one country: China. We focus on the interplay between resource abundance, institutional quality, and economic growth, using two different measures of resource abundance (a stock: resource reserves; and a flow: resource revenues), and employing various econometric approaches including varying coefficient models. We find that resource abundance has a positive effect on economic growth at the provincial level in China between 1990 and 2008, an effect that depends nonlinearly on institutional quality (1995 confidence in courts). The ‘West China Development Drive’ policy, initiated in 2000, caused substantial changes, which we investigate through a comparative panel-data analysis.

Original language	English
Pages (from-to)	323-343
Number of pages	21
Journal	Environmental and Resource Economics
Volume	57
Issue number	3
DOIs	https://doi.org/10.1007/s10640-013-9673-8
Publication status	Published - 1 Mar 2014

Keywords

China
Economic growth
Functional effect
Institutional quality
Natural resource curse
Policy change
Resource abundance

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/s10640-013-9673-8

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title = "Natural Resources, Institutional Quality, and Economic Growth in China",

abstract = "The resource curse has been mainly studied using cross-country samples. In this paper we analyze a cross-province sample from one country: China. We focus on the interplay between resource abundance, institutional quality, and economic growth, using two different measures of resource abundance (a stock: resource reserves; and a flow: resource revenues), and employing various econometric approaches including varying coefficient models. We find that resource abundance has a positive effect on economic growth at the provincial level in China between 1990 and 2008, an effect that depends nonlinearly on institutional quality (1995 confidence in courts). The {\textquoteleft}West China Development Drive{\textquoteright} policy, initiated in 2000, caused substantial changes, which we investigate through a comparative panel-data analysis.",

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AU - Ji, Kan

AU - Magnus, Jan R.

AU - Wang, Wendun

PY - 2014/3/1

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N2 - The resource curse has been mainly studied using cross-country samples. In this paper we analyze a cross-province sample from one country: China. We focus on the interplay between resource abundance, institutional quality, and economic growth, using two different measures of resource abundance (a stock: resource reserves; and a flow: resource revenues), and employing various econometric approaches including varying coefficient models. We find that resource abundance has a positive effect on economic growth at the provincial level in China between 1990 and 2008, an effect that depends nonlinearly on institutional quality (1995 confidence in courts). The ‘West China Development Drive’ policy, initiated in 2000, caused substantial changes, which we investigate through a comparative panel-data analysis.

AB - The resource curse has been mainly studied using cross-country samples. In this paper we analyze a cross-province sample from one country: China. We focus on the interplay between resource abundance, institutional quality, and economic growth, using two different measures of resource abundance (a stock: resource reserves; and a flow: resource revenues), and employing various econometric approaches including varying coefficient models. We find that resource abundance has a positive effect on economic growth at the provincial level in China between 1990 and 2008, an effect that depends nonlinearly on institutional quality (1995 confidence in courts). The ‘West China Development Drive’ policy, initiated in 2000, caused substantial changes, which we investigate through a comparative panel-data analysis.

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KW - Economic growth

KW - Functional effect

KW - Institutional quality

KW - Natural resource curse

KW - Policy change

KW - Resource abundance

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Natural Resources, Institutional Quality, and Economic Growth in China

Abstract

Keywords

UN SDGs

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