Loading...
Please wait, while we are loading the content...
Similar Documents
Natural Resources : a Blessing or a Curse ? The Role of Inequality
| Content Provider | Semantic Scholar |
|---|---|
| Author | Buccellato, Tullio Alessandrini, Michele |
| Copyright Year | 2009 |
| Abstract | In this paper we offer a novel contribution to the resource curse literature. We offer a theoretical and empirical analysis to establish that natural resources represent per se a positive factor for countries economic development, but can lead to very unequal income distribution within countries due to their inner characteristic of being easily appropriable. We predict theoretically that the gap between households having access to natural resources and those not having access to natural resources becomes even more marked when raw natural resources are directly exported and do not represent an intermediate input for domestic production. Our empirical results suggest that this is particularly the case for metals and ores. (a) Office for National Statistics, UK. The opinions and views expressed in this paper by the author do not reflect in any way the opinions and views of the ONS as an institution. Corresponding author: tullio.buccellato@ons.gov.uk (b) Dipartimento di Economia e Istituzioni, Università di Roma Tor Vergata. Email: m.alessandrini@hotmail.com Discussion Paper 98 Centre for Financial & Management Studies |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.cefims.ac.uk/documents/research-91.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
