Development in US States, Economic Freedom, and the 'Resource Curse'

  title={Development in US States, Economic Freedom, and the 'Resource Curse'},
  author={Joab N. Corey and Fred McMahon},
This paper uses the index published in Economic Freedom of North America (Karabegovic and McMahon, 2008) to examine the impact of the relationship between resource dependence and institutional quality on economic development in US states. A vast amount of literature supports the existence of a seemingly paradoxical negative correlation between natural resources and economic development, which has come to be known as the "resource curse." Much of the recent literature on the resource curse has… Expand
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