Natural Capital and the Resource Curse

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dc.creatorCavallari, Matheus
dc.creatorCanuto, Otaviano
dc.date2012-08-13T10:14:45Z
dc.date2012-08-13T10:14:45Z
dc.date2012-05
dc.date.accessioned2026-07-01T00:58:39Z
dc.descriptionAn abundance of natural resources is intuitively expected to be a blessing. Nonetheless, it has been argued for some decades that large endowments of natural resources oil, gas, and minerals in particular may actually become more of a curse, often leading to slow economic growth and redistributive struggles (including armed conflict). Over the years, vast empirical literature has addressed this "paradox." The literature has had to rely on proxies for natural resource abundance because of the lack of appropriate data, generating doubt on whether results would be similar if direct measures of natural wealth were available. This gap is now starting to be filled with the data series released by the World Bank (1997, 2006, 2011) on natural capital and other forms of countries' wealth. This note presents an analysis of these data to revisit some of the conclusions reached in the literature on the relationship between natural resource abundance and economic growth. The findings are in alignment with the view that there is no clear deterministic evidence of natural resource abundance as a curse or a blessing; therefore, the effect on a country depends on other determinants.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2012/05/16290781/natural-capital-resource-curse
dc.identifierhttps://hdl.handle.net/10986/10042
dc.identifierhttps://doi.org/10.1596/10042
dc.identifier.urihttp://hdl.handle.net/123456789/413765
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationEconomic Premise; No. 83
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectABUNDANCE
dc.subjectACCOUNTING
dc.subjectAGRICULTURE
dc.subjectAMERICAN ECONOMIC REVIEW
dc.subjectASSETS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITALS
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT STRATEGY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMIC RESEARCH
dc.subjectEXPORTS
dc.subjectFACTORS OF PRODUCTION
dc.subjectFOREIGN ASSETS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectGOOD GOVERNANCE
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME GROUP
dc.subjectINCOME LEVELS
dc.subjectINTANGIBLE
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINVESTMENT MANAGEMENT
dc.subjectINVESTMENT RATES
dc.subjectLOW INCOME
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMIDDLE INCOME
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMISMANAGEMENT
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATIONAL INCOME
dc.subjectNATURAL CAPITAL
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNET FOREIGN ASSETS
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOME LEVELS
dc.subjectPORTFOLIO
dc.subjectPRESENT VALUE
dc.subjectPRODUCTIVE ASSETS
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC INVESTMENT
dc.subjectRENT SEEKING
dc.subjectREVIEW OF ECONOMICS
dc.subjectSAVINGS
dc.subjectSTAGNATION
dc.subjectSTATEMENT
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTAX
dc.subjectTAX REVENUES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTRADE OPENNESS
dc.subjectTRANSPARENCY
dc.subjectVOLATILITY
dc.subjectWEALTH
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.titleNatural Capital and the Resource Curse

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