The Review of Economics and Statistics Vol. 91 No. 3 2009

The Elusive Curse of Oil

Michael Alexeev¹; Robert Conrad²

¹ Indiana University – Purdue University Indianapolis · ² Public Policy Institute of California

Abstract

Our goal is to show that contrary to the claims made in several recent papers, the effect of a large endowment of oil and other mineral resources on long-term economic growth of countries has been on balance positive. Moreover, the claims of a negative effect of oil and mineral wealth on the countries' institutions are called into question.

DOI

10.1162/rest.91.3.586

Volume

91

Issue

3

Pages

586-598

Language

en

Sources

crossref openalex

Cite

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