Template-Type: ReDIF-Paper 1.0
Author-Name: Alexander James
Author-Name-First: Alexander
Author-Name-Last: James
Author-Email:  alex.james@uaa.alaska.edu
Author-Workplace-Name: Department of Economics and Public Policy, University of Alaska Anchorage
Title: The Resource Curse: A Statistical Mirage?
Abstract: A surprising feature of resource-rich economies is slow growth. It is often argued that natural-resource production impedes development by creating market or institutional failures. This paper establishes an alternative explanation - a slow-growing resource sector. A declining resource sector is disproportionally reflected in resource-dependent countries but appears to have little affect on the rest of the economy. More generally, this paper illustrates the importance of considering industry composition in cross-country growth regressions.
Creation-date: 2014-09
File-URL: http://www.econpapers.uaa.alaska.edu/RePEC/ala/wpaper/ALA201403.pdf
File-Format: Application/pdf
Classification-JEL: Q2, Q3, O1 
Keywords: Resource Dependence, Economic Growth, Resource Curse
Number: 2014-03
Handle: RePEc:ala:wpaper:2014-03