The curse of natural resources

@article{Sachs2001TheCO,
  title={The curse of natural resources},
  author={J. Sachs and Andrew M. Warner},
  journal={European Economic Review},
  year={2001},
  volume={45},
  pages={827-838}
}
Abstract This paper summarizes and extends previous research that has shown evidence of a “curse of natural resources” – countries with great natural resource wealth tend nevertheless to grow more slowly than resource-poor countries. This result is not easily explained by other variables, or by alternative ways to measure resource abundance. This paper shows that there is little direct evidence that omitted geographical or climate variables explain the curse, or that there is a bias resulting… Expand
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