Date of Award

8-2011

Degree Type

Report

Degree Name

Master of Science (MS)

Department

Applied Economics

Committee

Not specified

Abstract

For many decades, economists have discussed the role of agricultural productivity and natural resources in economic development. By the late 20th century, various studies showed the poor growth experience of resource-rich countries in the post- world war-II period. Doppellhofer (2000) concluded that none of the countries with extremely abundant natural resources in 1970 grew rapidly for the next 20 years, with the exception of Malaysia, Mauritius and Iceland. Other studies that yielded similar conclusions include Auty (1990), Gelb (1988), Sachs and Warner (1995, 1999), and Gylfason et al. (1999). This phenomenon of lower economic growth among resource abundant countries is known as a resource curse.

Comments

This work made publicly available electronically on August 30, 2011.

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