The resource curse hypothesis and its transmission channels

E. Papyrakis; R. Gerlagh

doi:10.1016/j.jce.2003.11.002

The resource curse hypothesis and its transmission channels

E. Papyrakis, R. Gerlagh

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Abstract

We examine empirically the direct and indirect effects of natural resource abundance on economic growth. Natural resources have a negative impact on growth if, considered in isolation, but a positive direct impact on growth if other explanatory variables, such as corruption, investment, openness, terms of trade, and schooling, are included. We study the transmission channels, that is, the effect of natural resources on the other explanatory variables, and calculate the indirect effect of natural resources on growth for each transmission channel. The negative indirect effects of natural resources on growth are shown to outweigh the positive direct effect by a reasonable order of magnitude. © 2003 Association for Comparative Economic Studies. Published by Elsevier Inc. All rights reserved.

Original language	English
Pages (from-to)	181-193
Number of pages	13
Journal	Journal of Comparative Economics
Volume	32
DOIs	https://doi.org/10.1016/j.jce.2003.11.002
Publication status	Published - 2004

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title = "The resource curse hypothesis and its transmission channels",

abstract = "We examine empirically the direct and indirect effects of natural resource abundance on economic growth. Natural resources have a negative impact on growth if, considered in isolation, but a positive direct impact on growth if other explanatory variables, such as corruption, investment, openness, terms of trade, and schooling, are included. We study the transmission channels, that is, the effect of natural resources on the other explanatory variables, and calculate the indirect effect of natural resources on growth for each transmission channel. The negative indirect effects of natural resources on growth are shown to outweigh the positive direct effect by a reasonable order of magnitude. {\textcopyright} 2003 Association for Comparative Economic Studies. Published by Elsevier Inc. All rights reserved.",

author = "E. Papyrakis and R. Gerlagh",

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journal = "Journal of Comparative Economics",

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AU - Papyrakis, E.

AU - Gerlagh, R.

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AB - We examine empirically the direct and indirect effects of natural resource abundance on economic growth. Natural resources have a negative impact on growth if, considered in isolation, but a positive direct impact on growth if other explanatory variables, such as corruption, investment, openness, terms of trade, and schooling, are included. We study the transmission channels, that is, the effect of natural resources on the other explanatory variables, and calculate the indirect effect of natural resources on growth for each transmission channel. The negative indirect effects of natural resources on growth are shown to outweigh the positive direct effect by a reasonable order of magnitude. © 2003 Association for Comparative Economic Studies. Published by Elsevier Inc. All rights reserved.

U2 - 10.1016/j.jce.2003.11.002

DO - 10.1016/j.jce.2003.11.002

M3 - Article

SN - 0147-5967

VL - 32

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EP - 193

JO - Journal of Comparative Economics

JF - Journal of Comparative Economics

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