The big push, natural resource booms and growth

A simple application of big-push reasoning suggests that natural resource booms can be important catalysts for development in poorer countries. In this paper we present evidence from seven Latin American countries that natural resource booms are sometimes accompanied by declining per-capita GDP. We...

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Bibliographic Details
Published inJournal of development economics Vol. 59; no. 1; pp. 43 - 76
Main Authors Sachs, Jeffrey D, Warner, Andrew M
Format Journal Article
LanguageEnglish
Published Amsterdam Elsevier B.V 01.06.1999
Elsevier
North-Holland Pub. Co
Elsevier Sequoia S.A
SeriesJournal of Development Economics
Subjects
Big push
Cross-national analysis
Development economics
Economic development
Economic models
Equilibrium
Factor analysis
Growth
Low income
Manycountries
Natural resource booms
Natural resources
Studies
Latin America
Q33
Natural resource booms
Big push
Growth
O4
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Summary:A simple application of big-push reasoning suggests that natural resource booms can be important catalysts for development in poorer countries. In this paper we present evidence from seven Latin American countries that natural resource booms are sometimes accompanied by declining per-capita GDP. We present a model with natural resources, increasing returns in the spirit of big push models, and expectations to clarify some of the reasons this may happen.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
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ISSN:0304-3878
1872-6089
DOI:10.1016/S0304-3878(99)00005-X