The Impact of Natural Resources: Survey of Recent Quantitative Evidence

The cross-country empirical evidence for the natural resource curse is ample, but unfortunately fraught with econometric difficulties. A recent wave of studies on measuring the impact of natural resource windfalls on the economy exploits novel datasets such as giant oil discoveries to identify effec...

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Bibliographic Details
Published inThe Journal of development studies Vol. 53; no. 2; pp. 205 - 216
Main Authors Van Der Ploeg, Frederick, Poelhekke, Steven
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 01.02.2017
Taylor & Francis Ltd
Subjects
Econometrics
Impact analysis
Natural resources
Petroleum
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Summary:The cross-country empirical evidence for the natural resource curse is ample, but unfortunately fraught with econometric difficulties. A recent wave of studies on measuring the impact of natural resource windfalls on the economy exploits novel datasets such as giant oil discoveries to identify effects of windfalls, uses natural experiments and within-country econometric analysis, and estimates local impacts. These studies offer more hope in the search of quantitative evidence.
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ISSN:0022-0388
1743-9140
DOI:10.1080/00220388.2016.1160069