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The Relative Richness of the Poor? Natural Resources, Human Capital and Economic Growth

Are natural resources a blessing or a curse? The authors present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth effect stemming from a com...

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Bibliographic Details
Main Authors: Bravo-Ortega, Claudio, de Gregorio, José
Language:English
en_US
Published: World Bank, Washington, DC 2012
Subjects:
BENCHMARK
BILATERAL TRADE
CAPITAL ACCUMULATION
CAPITAL FLOWS
CAPITAL INCREASES
CAPITAL MOBILITY
CAPITAL STOCK
CD
CENTRAL BANK
COMPARATIVE ADVANTAGES
CONCEPTUAL FRAMEWORK
CONSTANT RETURNS TO SCALE
CONVERGENCE HYPOTHESIS
DEBT
DEPOSITS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC HISTORY
ECONOMIC RENTS
ECONOMIC STRUCTURES
ECONOMICS
ECONOMISTS
ELASTICITY
EMPIRICAL ANALYSIS
EMPIRICAL EVIDENCE
ENDOWMENTS
EQUILIBRIUM
EXCHANGE RATE
EXPLOITATION
EXPORTS
FISCAL POLICY
FISHING
FORESTRY
FREE TRADE
FUELS
GDP
GDP PER CAPITA
GROWTH RATE
GROWTH THEORY
HUMAN CAPITAL
IMPERFECT COMPETITION
IMPORTS
INCOME
INCOME INEQUALITY
INCOME LEVELS
INTERNATIONAL TRADE
LABOR FORCE
LATIN AMERICAN
MIGRATION
MORTALITY
NATURAL RESOURCE EXPLOITATION
NATURAL RESOURCES
NET EXPORTS
PHYSICAL CAPITAL
POLITICAL ECONOMY
PRODUCTION FUNCTIONS
PRODUCTIVITY
PROFITABILITY
REGRESSION ANALYSIS
SANITATION
SCALE EFFECTS
TERMS OF TRADE
TOTAL FACTOR PRODUCTIVITY
TOTAL OUTPUT
TRADE POLICIES
Online Access:http://documents.worldbank.org/curated/en/2005/01/5606846/relative-richness-poor-natural-resources-human-capital-economic-growth
http://hdl.handle.net/10986/8923

Internet

http://documents.worldbank.org/curated/en/2005/01/5606846/relative-richness-poor-natural-resources-human-capital-economic-growth
http://hdl.handle.net/10986/8923

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