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China and Natural Resource Curse in Developing Countries: Empirical Evidence from a Cross‐country Study
Author(s) -
Su Fubing,
Wei Guoxue,
Tao Ran
Publication year - 2016
Publication title -
china and world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.815
H-Index - 28
eISSN - 1749-124X
pISSN - 1671-2234
DOI - 10.1111/cwe.12142
Subject(s) - resource curse , natural resource , china , economics , industrialisation , curse , panel data , developing country , development economics , politics , resource (disambiguation) , international economics , international trade , economic growth , political science , market economy , computer network , sociology , anthropology , law , computer science , econometrics
China's rising demand for natural resources and its growing presence in many poor and resource‐rich countries have been criticized for promoting neo‐colonialism in the 21st century. Using panel data for 135 developing countries from 1995 to 2007, the present paper empirically evaluates the validity of such claims. Our findings do not support the resource curse thesis in the areas of industrialization and economic growth. Moreover, the effect of resources is conditional on the initial quality of political institutions in a country.