Institutions, Economic Growth, and the Curse of Natural Resources
— Published on July 9, 2009
The proposition that natural resources, like physical and human capital, would spur economic growth would not seem to be controversial. So in the 1990s, when Jeffrey Sachs and Andrew Warner (1995) showed empirical evidence of a natural resource curse-the negative impact of natural resources on economic growth-it is no surprise that their finding inspired a large body of new empirical research.
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