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The More the Merrier? Natural Resource Fragmentation and the Wealth of Nations
Author(s) -
Crutzen Benoit S Y,
Holton Sarah
Publication year - 2011
Publication title -
kyklos
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.766
H-Index - 58
eISSN - 1467-6435
pISSN - 0023-5962
DOI - 10.1111/j.1467-6435.2011.00517.x
Subject(s) - natural resource , endowment , resource curse , per capita , economics , exploit , per capita income , natural resource economics , sample (material) , resource (disambiguation) , fragmentation (computing) , curse , development economics , population , biology , demography , ecology , chemistry , computer network , computer security , chromatography , sociology , computer science , anthropology , philosophy , epistemology
Summary We exploit differences in the number and distribution of natural resources to estimate the presence of a curse of natural resources on economic growth. Building on a sample of 93 developing and developed countries covering the years 1980 to 2007, we show that, given the value of the resource endowment, the higher the number of resources is, the higher is a country's per‐capita growth. This finding is robust to the addition of all usual controls and to the splitting of the dataset into subsamples such as non‐ OECD or non‐African countries only.