The Impact of Natural Resources: Survey of Recent Quantitative Evidence

By F. van der ploeg, S. Poelhekke. Why Does Development Fail in Resource Rich Economies, 2017

189 citations recorded by the source corpus.

Abstract The cross-country empirical evidence for the natural resource curse is ample, but unfortunately fraught with econometric difficulties. A recent wave of studies on measuring the impact of natural resource windfalls on the economy exploits novel datasets such as giant oil discoveries to identify effects of windfalls, uses natural experiments and within-country econometric analysis, and estimates local impacts. These studies offer more hope in the search of quantitative evidence.

View Paper: https://www.semanticscholar.org/paper/b5d8aed697556fdf33943e107e211abd9f615912