Economic Freedom and the Resource Curse
This paper explores the question of whether mineral resource wealth is an economic blessing or curse, particularly for developing nations where growth and reduction of poverty are vital. It does this by examining the relationship between natural resources and economic growth and the interaction between institutions and natural resources. We consider four categories of natural resources:  agricultural raw materials,  fuel,  food, and  ores and metals. Resource wealth was significant in our testing on economic growth but only the last category turned out to be significant on its own as the effect upon economic growth of agricultural raw materials, fuel, and food, when tested independently, did not reach a level of statistical significance.
More from this study
Subscribe to the Fraser Institute
Get the latest news from the Fraser Institute on the latest research studies, news and events.