Natural Resources¶
Ploeg, F. v. d. (2011). Natural Resources: Curse or Blessing?. Journal of Economic Literature.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Domain-specific¶
- Paradox of Plenty (Resource Curse)
- The paradox of plenty — standardly called the resource curse — is the empirical regularity that countries endowed with abundant non-renewable natural resources, especially oil and gas but also hard minerals and diamonds, tend on average to grow more slowly, develop weaker non-resource sectors, and exhibit worse governance and institutional quality than otherwise comparable resource-poor peers
This sourceVan der Ploeg's survey is the standard synthesis of the mechanisms - real exchange-rate appreciation, deindustrialization, rent grabbing, conflict, and failure to convert exhaustible wealth into other assets - and of the evidence that resource-rich economies underperform; its own headline verdict is conditional rather than flat, that 'either outcome is possible' depending on institutions, volatility and financial development.
- The paradox of plenty — standardly called the resource curse — is the empirical regularity that countries endowed with abundant non-renewable natural resources, especially oil and gas but also hard minerals and diamonds, tend on average to grow more slowly, develop weaker non-resource sectors, and exhibit worse governance and institutional quality than otherwise comparable resource-poor peers
Verification¶
This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.
Registry ID ref:b77a431ec4c3 · see in the full table