The Resource Curse - What Have We Learned from Two Decades of Intensive Research: Introduction to the Special Issue

Papyrakis, Elissaios

doi:10.1080/00220388.2016.1160070

Cited by 129 publications

(97 citation statements)

References 71 publications

(69 reference statements)

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“…The impact of natural resources on the volatility of economic growth is a well-established fact (for instance, see Arezki, Patillo, Quintyn, & Zhu, 2012;Davis, 2013;Papyrakis, 2017;Sachs & Warner, 2001;van der Ploeg & Poelhekke, 2017). Many observations point to a strong relationship between growth volatility and vulnerability to shocks (Collier & Venables, 2008;Ehrhart & Guerineau, 2013;Frankel, 2010;Humphreys, Sachs, & Stiglitz, 2007;Ross, 2012b;van der Ploeg & Poelhekke, 2008;van der Ploeg & Venables, 2012).…”

Section: Literature Reviewmentioning

confidence: 99%

Does the Political Resource Curse Affect Public Finance? The Vulnerability of Tax Revenue in Resource‐Dependent Countries

Haldenwang

Ivanyna²

2018

J of Intl Development

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This paper explores the extent to which government revenue is affected by external shocks and whether these effects are different for resource-dependent (RD) as compared with non-RD countries. We are particularly interested in the fate of poorer countries, as we assume they will find it more difficult to implement the policies needed to offset the effect of shocks. Based on data from the International Centre for Taxation and Development Government Revenue Dataset for 1980-2010, we measure the elasticity of tax revenue with respect to terms-of-trade shocks. We find that revenue in RD countries is more vulnerable to such shocks. It is above all the richer countries that appear to be adversely affected, compared with their non-RD counterparts. In contrast, the difference between RD and non-RD countries is less pronounced in the group of poorer countries. We also find that resource-dependent countries became less vulnerable in the 2000s as compared with previous decades. At the same time, political regime type does not seem to matter for the vulnerability of government revenue in these countries.

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Section: Literature Reviewmentioning

confidence: 99%

Does the Political Resource Curse Affect Public Finance? The Vulnerability of Tax Revenue in Resource‐Dependent Countries

Haldenwang

Ivanyna²

2018

J of Intl Development

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“…The impact of natural resources on the volatility of economic growth is a well-established fact (for instance, see Arezki et al 2012;Papyrakis 2016;van der Ploeg and Poelhekke 2016). Many observations point to a strong relationship between volatility and vulnerability to shocks (Collier and Venables 2008;Ehrhart and Guerineau 2013;Frankel 2010;Humphreys et al 2007;Ross 2012b;van der Ploeg and Poelhekke 2008;van der Ploeg and Venables 2012).…”

Section: Literature Reviewmentioning

confidence: 99%

Does the political resource curse affect public finance? The vulnerability of tax revenue in resource-rich countries

Haldenwang¹,

Ivanyna²

2017

WIDER Working Paper

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This paper explores the extent to which government revenue is affected by external shocks, and whether these effects are different for resource-rich as compared with non-resourcerich countries. We are particularly interested in the fate of poorer countries, as we assume they will find it more difficult to implement the policies needed to offset the effect of shocks. Based on data from the International Centre for Taxation and Development Government Revenue Dataset for 1980-2010, we measure the elasticity of tax revenue with respect to terms-of-trade shocks. We find that revenue in resource-rich countries is more vulnerable to such shocks. Interestingly, it is above all the richer countries that appear to be adversely affected. Also, resource-rich countries became less vulnerable in the 2000s as compared with previous decades. When we look at the poorer resource-rich countries, we find that a country's general institutional characteristics may not always reflect the quality of its management of natural resources.

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“…Van der Ploeg and Poelhekke (2010;2016) argue that using resource intensity as an explanatory variable suffers from endogeneity issues and measures the dependency on resources instead of the abundance from the same. They found no evidence of adverse growth effects if natural wealth is estimated with the not yet extracted reserves per capita.…”

Section: Open Questionsmentioning

confidence: 99%

“…(Davis, 2013) Academic interest is still on the rise as recent events like the Arab Spring or the crisis in Venezuela are principally explained in the context of the resource curse. (Papyrakis, 2016) First attempts of theoretical understanding were based on the Dutch disease model originally developed by Corden and Neary (1982), in which the resource-driven growth generates losses in international competitiveness and leads to a less diverse and vulnerable economy. In this framework the booming extractive sector distracts resources from manufacturing and boosts the demand for domestic services causing direct and indirect de-industrialization.…”

Section: Introductionmentioning

confidence: 99%

A Review on the Resource Curse

Szalai

2018

Period. Polytech. Soc. Man. Sci.

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Natural wealth is generally considered as one of the fundamental sources of economic growth. However, a vast majority of the related empirical research verified that resource-rich countries tend to underperform their resource-deficient counterparts. This paradox is known as the resource curse. During the past two decades more sophisticated analyses have revealed that the presence of the curse is conditional and its growth effects are non-monotonic. Recent efforts concentrate on understanding the transmission channels and identifying the decisive conditions on the fulfillment of the curse. This article gives an overview on the progress and depicts the current state of the research.

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The Resource Curse - What Have We Learned from Two Decades of Intensive Research: Introduction to the Special Issue

Cited by 129 publications

References 71 publications

Does the Political Resource Curse Affect Public Finance? The Vulnerability of Tax Revenue in Resource‐Dependent Countries

Does the Political Resource Curse Affect Public Finance? The Vulnerability of Tax Revenue in Resource‐Dependent Countries

Does the political resource curse affect public finance? The vulnerability of tax revenue in resource-rich countries

A Review on the Resource Curse

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