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The Curse of Natural Resources

Author

Listed:
  • Katharina Wick
  • Erwin Bulte

    (Department of Economics, Tilburg University, 5000 LE Tilburg, The Netherlands
    Development Economics Group, Wageningen University, 6700 EW Wageningen, Netherlands; Oxford Center for the Analysis of Resource-Rich Economies (OxCarre), Oxford, OX1 3UQ, United Kingdom)

Abstract

A large literature has developed that documents a negative association between the presence of natural resources and economic development. In this paper we explore the empirics and theories of the so-called resource curse and try to assess its robustness. We conclude that there are many open questions and that the case of the curse needs revision and nuance.

Suggested Citation

  • Katharina Wick & Erwin Bulte, 2009. "The Curse of Natural Resources," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 139-156, September.
    • Handle: RePEc:anr:reseco:v:1:y:2009:p:139-156
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    File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev.resource.050708.144219
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    More about this item

    Keywords

    institutions; resources and conflict; resources and economic performance;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts

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