The Elusive Curse of Oil
Indiana University – Purdue University Indianapolis · Public Policy Institute of California
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Abstract
Our goal is to show that contrary to the claims made in several recent papers, the effect of a large endowment of oil and other mineral resources on long-term economic growth of countries has been on balance positive. Moreover, the claims of a negative effect of oil and mineral wealth on the countries' institutions are called into question.
Citation impact
702
total citations
- FWCI
- 66.73
- Percentile
- 100%
- References
- 27
Citations per year
Authors
2Topics & keywords
Topics
Keywords
- Economics
- Endowment
- Curse
- Balance (ability)
- Resource curse
- Natural resource economics
- Monetary economics
- Natural resource
UN Sustainable Development Goals
- Decent work and economic growth
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