Neumayer, Eric 
ORCID: 0000-0003-2719-7563
(2004)
Does the “resource curse” hold for growth in genuine income as well?
World Development, 32 (10).
pp. 1627-1640.
ISSN 0305-750X
Abstract
Existing studies analyzing the so-called ‘resource curse’ hypothesis regress growth in gross domestic product (GDP) on some measure of resource-intensity. This is problematic as GDP counts natural and other capital depreciation as income. Deducting depreciation from GDP to arrive at genuine income, we test whether the ‘curse’ still holds true. We find supporting evidence, but the growth disadvantage of resource-intensive economies is slightly weaker in terms of genuine income than GDP. We suggest that this provides additional, but somewhat weak and limited, evidence in support of those who argue that the ‘curse’ is partly due to unsustainable over-consumption.
| Item Type: |
Article
|
| Official URL: |
http://www.elsevier.com/locate/worlddev |
| Additional Information: |
Published 2005 © Elsevier Ltd. LSE has developed LSE Research Online so that users may access research output of the School. Copyright and Moral Rights for the papers on this site are retained by the individual authors and/or other copyright owners. Users may download and/or print one copy of any article(s) in LSE Research Online to facilitate their private study or for non-commercial research. You may not engage in further distribution of the material or use it for any profit-making activities or any commercial gain. You may freely distribute the URL (<http://eprints.lse.ac.uk>) of the LSE Research Online website. |
| Divisions: |
Geography & Environment |
| Subjects: |
H Social Sciences > H Social Sciences (General) |
| Date Deposited: |
18 May 2006 |
| Last Modified: |
11 Dec 2024 22:50 |
| URI: |
http://eprints.lse.ac.uk/id/eprint/626 |
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