Template-Type: ReDIF-Paper 1.0
Author-Name: Brock Smith
Author-Name-First: Brock
Author-Name-Last: Smith
Author-Workplace-Name: Department of Economics, University of California Davis
Title: The Resource Curse Exorcised: Evidence from a Panel of Countries
Abstract: This paper evaluates the impact of major natural resource discoveries since 1950 on GDP
 per capita and other economic and social indicators. Using panel fixed-effects estimation ad resource discoveries in countries that were not previously resource-rich, I find a positive effect on GDP per capita following extraction that persists in the long term, in contrast with much of the resource curse literature that uses cross-sectional designs. I also find positive
 effects on education levels, reductions in infant mortality, and negative effects on democratic institutions. I further test these outcomes with synthetic control analysis, yielding results consistent the fixed-effects model.
Length: 57
File-URL: https://repec.dss.ucdavis.edu/files/iqbWSbjT1WsHht8hkV4NU9Z2/13-3.pdf
File-Format: application/pdf
Number: 63
Classification-JEL: O44, Q32
KeyWords: Resource Curse, Oil, Economic Growth
Creation-Date: 20130317
Handle: RePEc:cda:wpaper:63