Are natural resources a “curse” or a “blessing”? The empirical evidence suggests that either
outcome is possible. This paper surveys a variety of hypotheses and supporting evidence for …

The resource curse literature has necessarily evolved in a rather fragmented way. While
economists, political economists and political scientists have largely focused on the role of …

The development of the financial sector is one of the main macroeconomic goals for
develo** countries as well as developed ones. The literature focusing on the determinants …

This paper investigates the linkage between natural resources and financial development by
considering oil prices, economic growth and economic globalization as additional …

We document a strong positive relationship between natural resource exports and
urbanization in a sample of 116 develo** nations over the period 1960–2010. In countries …

This study is to examine the impact of natural resources, economic growth, export diversity
and inflation on financial development in top-10 natural resource abundant countries …

Countries rich in natural resources constitute both growth losers and growth winners. We
claim that the main reason for these diverging experiences is differences in the quality of …

The relationship between natural resource rents and economic growth has witnessed a
lively debate since last decades. It has been shown that many countries rich in natural …

In this paper we argue that the political incentives that resource endowments generate are
the key to understanding whether or not they are a curse. We show:(1) politicians tend to …

We critically evaluate the empirical basis for the so-called resource curse and find that,
despite the topic's popularity in economics and political science research, this apparent …