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Oil curse, economic growth and trade openness

Majumder, Manjoi Kumar; Raghavan, Mala; Vespignani, Joaquin

Description

An important economic paradox in the economic literature is that countries with abundant natural resources are poor in terms of real gross domestic product per capita. This paradox, known as the ‘resource curse’, is contrary to the conventional intuition that natural resources help to improve economic growth and prosperity. Using panel data for 95 countries, this study revisits the resource curse paradox in terms of oil resources abundance for the period 1980–2017. In addition, the study...[Show more]

CollectionsANU Research Publications
Date published: 2020
Type: Journal article
URI: http://hdl.handle.net/1885/264098
Source: Energy Economics
DOI: 10.1016/j.eneco.2020.104896

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