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dc.contributor.authorAlssadek, M
dc.contributor.authorBenhin, J
dc.date.accessioned2023-10-16T12:25:19Z
dc.date.available2023-10-16T12:25:19Z
dc.date.issued2023-07
dc.identifier.issn0301-4207
dc.identifier.issn1873-7641
dc.identifier.other103741
dc.identifier.urihttps://pearl.plymouth.ac.uk/handle/10026.1/21437
dc.description.abstract

This paper provides an extensive review of the rapidly growing literature on the resource curse phenomenon, whereby natural resources-rich countries experience lower levels of economic growth and development than countries with fewer natural resources. The various theoretical explanations for the phenomenon, alongside a survey of the empirical literature, are critically discussed. Generally, the literature results are found to be mixed and no consensus is reached. This might be attributed to different time periods, data used, proxy for the natural resource variables selected and the estimation approach employed. The practical part of this paper applies a descriptive analysis to compare economic performance among sub-regional groupings of oil-rich developed and developing countries. Our results indicated that oil-rich developing countries have underperformed in several development outcomes particularly in Middle East and North African (MENA) and Sub-Sahara African (SSA) countries. The paper also provides some suggested policies to convert the resources curse into a blessing, in particular for these countries.

dc.format.extent103741-103741
dc.languageen
dc.publisherElsevier BV
dc.subjectNatural resource curse
dc.subjectDutch disease
dc.subjectInstitutions
dc.subjectHuman capital
dc.subjectFinancial development
dc.subjectEconomic growth
dc.titleNatural resource curse: A literature survey and comparative assessment of regional groupings of oil-rich countries
dc.typejournal-article
dc.typeArticle
plymouth.author-urlhttps://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:001030361800001&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=11bb513d99f797142bcfeffcc58ea008
plymouth.volume84
plymouth.publisher-urlhttp://dx.doi.org/10.1016/j.resourpol.2023.103741
plymouth.publication-statusPublished
plymouth.journalResources Policy
dc.identifier.doi10.1016/j.resourpol.2023.103741
plymouth.organisational-group|Plymouth
plymouth.organisational-group|Plymouth|Research Groups
plymouth.organisational-group|Plymouth|PRIMaRE Publications
plymouth.organisational-group|Plymouth|Faculty of Arts, Humanities and Business
plymouth.organisational-group|Plymouth|Research Groups|Marine Institute
plymouth.organisational-group|Plymouth|REF 2021 Researchers by UoA
plymouth.organisational-group|Plymouth|Users by role
plymouth.organisational-group|Plymouth|Users by role|Academics
plymouth.organisational-group|Plymouth|REF 2021 Researchers by UoA|UoA17 Business and Management Studies
plymouth.organisational-group|Plymouth|Faculty of Arts, Humanities and Business|Plymouth Business School
plymouth.organisational-group|Plymouth|Faculty of Arts, Humanities and Business|Plymouth Business School|PBS - Manual
dcterms.dateAccepted2023-05-19
dc.date.updated2023-10-16T12:25:19Z
dc.rights.embargodate2023-10-17
dc.identifier.eissn1873-7641
rioxxterms.versionofrecord10.1016/j.resourpol.2023.103741


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