Atkinson, Giles 
ORCID: 0000-0001-6736-3074 and Hamilton, Kirk
(2003)
Savings, growth and the resource curse hypothesis.
World Development, 31 (11).
pp. 1793-1807.
ISSN 0305-750X
Abstract
An important connection between recent attempts to understand the determinants of economic growth and the measurement of sustainability is the finding of a negative and significant relationship between natural resource abundance and economic growth. This is the so-called resource curse hypothesis. Using cross-country regressions, we offer evidence that the curse may itself be a manifestation of the inability of governments to manage large resource revenues sustainably. In particular, these results offer another perspective on the resource curse hypothesis: the countries where growth has lagged are those where the combination of natural resource, macroeconomic and public expenditure policies have led to a low rate of genuine saving (net saving adjusted for resource depletion).
| Item Type: | Article |
|---|---|
| Official URL: | http://www.journals.elsevier.com/world-development... |
| Additional Information: | © 2003 Elsevier |
| Divisions: | Geography & Environment |
| Subjects: | H Social Sciences > HB Economic Theory |
| JEL classification: | Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q0 - General > Q01 - Sustainable Development |
| Date Deposited: | 16 Nov 2007 |
| Last Modified: | 18 Nov 2024 23:30 |
| URI: | http://eprints.lse.ac.uk/id/eprint/2882 |
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