期刊
JOURNAL OF DEVELOPMENT ECONOMICS
卷 116, 期 -, 页码 57-73出版社
ELSEVIER SCIENCE BV
DOI: 10.1016/j.jdeveco.2015.04.001
关键词
Natural resource curse; GDP regressions; Synthetic controls; Oil discoveries
类别
资金
- BP
This paper evaluates the impact of major natural resource discoveries since 1950 on GDP per capita. Using panel fixed-effects estimation and resource discoveries in countries that were not previously resource-rich as a plausibly exogenous source of variation, I find a positive effect on GDP per capita levels following resource exploitation that persists in the long term. Results vary significantly between OECD and non-OECD treatment countries, with effects concentrated within the non-OECD group. I further test GDP effects with synthetic control analysis on each individual treated country, yielding results consistent with the average effects found with the fixed-effects model. (C) 2015 Elsevier B.V. All rights reserved.
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