Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions

Can the Natural Resource Curse Be Turned Into a Blessing? The Role of Trade Policies and Institutions
We criticize existing empirical results on the detrimental effects of natural resource dependence on the rate of economic growth after controlling for institutional quality, openness, and initial income. These results do not survive once we use instrumental variables techniques to correct for the endogenous nature of the explanatory variables.... READ MORE...

Publication date: March 2007
ISBN 9781451866193
$18.00

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