Natural Resources and Economic Growth: The Role of Investment

DEGIT Conference Papers from DEGIT, Dynamics, Economic Growth, and International Trade

Abstract: Is it possible that relying too heavily on natural resources affects saving and investment in a way that hampers economic growth? – and thus, in the long run, the level of output per capita. This paper reviews the literature, explores the data and compares and contrasts the explanatory power and interplay of natural resources and civil liberties, our proxy for institutional variables currently under scrutiny in the literature. We propose that natural resources may be viewed as an exogenous factor that hampers economic development and investment as well as institutions.

Keywords: Economic growth; natural resources; investment (search for similar items in EconPapers)
JEL-codes: O11 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2004-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (36)

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Related works:
Journal Article: Natural Resources and Economic Growth: The Role of Investment (2006)
Working Paper: Natural Resources And Economic Growth: The Role Of Investment (2002)
Working Paper: Natural Resources and Economic Growth: The Role of Investment (2001)
Working Paper: Natural Resources and Economic Growth: The Role of Investment (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:deg:conpap:c009_011

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