The big push, natural resource booms and growth

Sachs, Jeffrey D.; Warner, Andrew M.

doi:10.1016/s0304-3878(99)00005-x

Cited by 892 publications

(404 citation statements)

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“…The negative relation between the natural resource abundance and economic growth is well documented in the literature (Sachs and Warner, 1995, 1997, 1999a,b, Sala-i-Martin, 1997, Doppelhofer et al, 2000. A number of theories were proposed to explain this negative link.…”

Section: Introductionmentioning

confidence: 90%

Human Capital, Industrial Growth and Resource Curse

Suslova

Volchkova

2012

SSRN Journal

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How the country's natural resource abundance affects the industrial growth? We argue that one of the transmission mechanisms is via the accumulation of country's high skilled human capital. In particular, we empirically investigate whether link between country's natural resource endowment and industry-level growth depends on industry human capital requirement. We show that in the 1980s and the 1990s, industrial sectors that are high-skilled labor intensive developed disproportionately slowly in countries with higher contribution of natural resource sectors to GDP. While low-skilled labor intensity did not differentiate industrial growth between resource rich and resource poor countries. Our findings are in line with the theoretical argument that deteriorative effect of natural resources on the development of industrial sector is a byproduct of the capital accumulation process in the resource abundant open economy that slows down the development of marginally high-skilled labor force compared to the resource poor economies.

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Section: Introductionmentioning

confidence: 90%

Human Capital, Industrial Growth and Resource Curse

Suslova

Volchkova

2012

SSRN Journal

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“…Studies find that in NR-rich countries manufacturing growth is slower, and the exchange rate subject to greater appreciation. Sachs and Warner (1999) show that among NR-dependent countries, on average, a 1% increase in the share of NR exports in GNP in 1970 was associated with a 0.5% decrease in the share of manufacturing exports between 1970and 1989. Egert (2012 finds clear signs of Dutch disease among the oil-producing, post-Soviet countries of Central and South-West Asia: an increase in oil prices resulted in an appreciation of their nominal and real exchange rates (though generally with a lag of one or two years).…”

Section: Dutch Diseasementioning

confidence: 99%

Papua New Guinea and the Natural Resource Curse

et al. 2015

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The ARTNeT Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about trade issues. An objective of the series is to publish the findings quickly, even if the presentations are less than fully polished. ARTNeT working papers are available online at www.artnetontrade.org. All material in the working papers may be freely quoted or reprinted, but acknowledgment is requested, together with a copy of the publication containing the quotation or reprint. The use of the working papers for any commercial purpose, including resale, is prohibited. Terms of use: Documents in EconStor may Disclaimer:The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. Where the designation "country or area" appears, it covers countries, territories, cities or areas. Bibliographical and other references have, wherever possible, been verified. The United Nations bears no responsibility for the availability or functioning of URLs. The views expressed in this publication are those of the authors and do not necessarily reflect the views of the United Nations. The opinions, figures and estimates set forth in this publication are the responsibility of the authors, and should not necessarily be considered as reflecting the views or carrying the endorsement of the United Nations. Any errors are the responsibility of the authors. Mention of firm names and commercial products does not imply the endorsement of the United Nations.© ARTNeT 2013 This may also be exacerbated by large scale exports of liquefied natural gas (LNG) in future years. In addition, the paper finds that extractive industry governance is a pressing challenge for PNG and makes suggestions for reform in revenue management and spending. Executive SummaryThe 'natural resource curse' refers to the observation that some natural resource-rich countries experience lower economic growth than some natural resource-poor countries. For countries like Papua New Guinea (PNG), which rely on the extraction of natural resources (NR), the possibility of such a 'curse' is a pressing concern.Studies have identified three channels that could lead to a negative relationship between an abundance of natural resourc...

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“…Diamonds, however, were not an important factor in Botswana"s economic development between 1820 and 1966: They were not discovered until 1967, one year after independence (Good, 2008). Some economists have argued that natural resource abundance can be a "curse" for economic development (Sachs and Warner, 1999). The fact that diamonds were discovered relatively late may therefore have been a blessing, rather than a disadvantage for the country.…”

Section: Educationmentioning

confidence: 99%

Economic Development in Pre-Independence Botswana, 1820-1966: Historical Trends, Contributing and Countervailing Factors

Hlaváč

2010

SSRN Journal

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The big push, natural resource booms and growth

Cited by 892 publications

References 9 publications

Human Capital, Industrial Growth and Resource Curse

Human Capital, Industrial Growth and Resource Curse

Papua New Guinea and the Natural Resource Curse

Economic Development in Pre-Independence Botswana, 1820-1966: Historical Trends, Contributing and Countervailing Factors

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