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Threshold regressions for the resource curse
- Source :
- Environment and Development Economics, Environment and Development Economics, 2020, 25 (6), pp.583-610. ⟨10.1017/S1355770X20000297⟩, Environment and Development Economics, Cambridge University Press (CUP), 2020, 25 (6), pp.583-610. ⟨10.1017/S1355770X20000297⟩
- Publication Year :
- 2020
- Publisher :
- HAL CCSD, 2020.
-
Abstract
- This paper analyzes the behavior of cross-country growth rates with respect to resource abundance and dependence. We reject the linear model that is commonly used in growth regressions in favor of a multiple-regime alternative. Using a formal sample-splitting method, we find that countries exhibit different behaviors with respect to natural resources depending on their initial level of development. In high-income countries, natural resources play only a minor role in explaining the differences in national growth rates. On the contrary, in low-income countries, abundance seems to be a blessing but dependence restricts growth.
- Subjects :
- Economics and Econometrics
Resource (biology)
Natural resource economics
growth
05 social sciences
Linear model
Development
JEL: O - Economic Development, Innovation, Technological Change, and Growth/O.O1 - Economic Development/O.O1.O13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
Natural resource
non-renewable resources
Resource curse
Abundance (ecology)
0502 economics and business
threshold regressions
Economics
JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q3 - Nonrenewable Resources and Conservation/Q.Q3.Q33 - Resource Booms
JEL: O - Economic Development, Innovation, Technological Change, and Growth/O.O1 - Economic Development/O.O1.O11 - Macroeconomic Analyses of Economic Development
050202 agricultural economics & policy
050207 economics
[SHS.ECO] Humanities and Social Sciences/Economics and Finance
natural resources
Non-renewable resource
resource curse
General Environmental Science
Subjects
Details
- Language :
- English
- ISSN :
- 1355770X
- Database :
- OpenAIRE
- Journal :
- Environment and Development Economics, Environment and Development Economics, 2020, 25 (6), pp.583-610. ⟨10.1017/S1355770X20000297⟩, Environment and Development Economics, Cambridge University Press (CUP), 2020, 25 (6), pp.583-610. ⟨10.1017/S1355770X20000297⟩
- Accession number :
- edsair.doi.dedup.....1bba1822d4f862e73eea9d81cd06f690