[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/chm/wpaper/wp2008-6.html
   My bibliography  Save this paper

Political Economy Models of the Resource Curse: Implications for Policy and Research

Author

Listed:
  • Ivar Kolstad
  • Arne Wiig
Abstract
A number of studies suggest that natural resources can have a negative impact on the developing prospects of countries. This paper reviews political economy models of the resource curse, and draws implications of these models in terms of policy and research priorities. The term impartiality enhancing institutions is introduced to distinguish conditions under which negative effects of resources can be mitigated. The paper further examines current donor policies vis-à-vis resource rich countries, and argues that these policies only to a limited extent reflect the implications of the resource curse literature. Moreover, the paper suggests that the prevalent focus of resource curse studies on resource abundance rather than rents, and on net effects of resources, has put us on the wrong track. Finally, more work is needed to identify more precise policy implications in terms of required institutions and their reform.

Suggested Citation

  • Ivar Kolstad & Arne Wiig, 2008. "Political Economy Models of the Resource Curse: Implications for Policy and Research," CMI Working Papers 6, CMI (Chr. Michelsen Institute), Bergen, Norway.
    • Handle: RePEc:chm:wpaper:wp2008-6
    as

    Download full text from publisher

    File URL: https://www.cmi.no/publications/file/3291-political-economy-models-of-the-resource-curse.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kolstad, Ivar & Søreide, Tina, 2009. "Corruption in natural resource management: Implications for policy makers," Resources Policy, Elsevier, vol. 34(4), pages 214-226, December.
    2. Gideon Minua Kwaku Ampofo & Prosper Basommi Laari & Emmanuel Opoku Ware & Williams Shaw, 2023. "Further investigation of the total natural resource rents and economic growth nexus in resource-abundant sub-Saharan African countries," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 36(1), pages 97-121, January.
    3. Aaron Yao Efui Ahali & Ishmael Ackah, 2015. "Are They Predisposed to the Resources Curse? Oil in Somalia," International Journal of Energy Economics and Policy, Econjournals, vol. 5(1), pages 231-245.
    4. Zeeshan, Muhammad & han, Jiabin & Rehman, Alam & Ullah, Irfan & Hussain, Arif & Alam Afridi, Fakhr E., 2022. "Exploring symmetric and asymmetric nexus between corruption, political instability, natural resources and economic growth in the context of Pakistan," Resources Policy, Elsevier, vol. 78(C).
    5. Le Clech, Néstor A., 2024. "Policy market orientation, property rights, and corruption effects on the rent of non-renewable resources in Latin America and the Caribbean," Resources Policy, Elsevier, vol. 91(C).
    6. Feng, Zhiyuan & Li, Yali, 2024. "Natural resource curse and fiscal decentralization: Exploring the mediating role of green innovations and market regulations in G-20 economies," Resources Policy, Elsevier, vol. 89(C).
    7. Johanna Gisladottir & Sigurbjörg Sigurgeirsdottir & Ingrid Stjernquist & Kristin Vala Ragnarsdottir, 2022. "Approaching the Study of Corruption and Natural Resources through Qualitative System Dynamics," Resources, MDPI, vol. 11(8), pages 1-15, July.
    8. Badeeb, Ramez Abubakr & Szulczyk, Kenneth R. & Lean, Hooi Hooi, 2021. "Asymmetries in the effect of oil rent shocks on economic growth: A sectoral analysis from the perspective of the oil curse," Resources Policy, Elsevier, vol. 74(C).
    9. Katerin Hern ndez-Gamarra & Julio Sarmiento-Sabogal & Edgardo Cayon-Fallon, 2015. "A Test of the Market Efficiency of the Integrated Latin American Market (MILA) Index in Relation to Changes in the Price of Oil," International Journal of Energy Economics and Policy, Econjournals, vol. 5(2), pages 534-539.
    10. Sheraz, Umar, 2014. "Foresight as a tool for sustainable development in natural resources: The case of mineral extraction in Afghanistan," Resources Policy, Elsevier, vol. 39(C), pages 92-100.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:chm:wpaper:wp2008-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Robert Sjursen (email available below). General contact details of provider: https://edirc.repec.org/data/cmiiino.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.