Crowding-out Effect or Institutions? The Resource Curse Revisited with an Investigation of U.S. States

The phenomenon of low economic growth in resource-rich regions is recognized as the “resource curse”. This research empirically shows the existence of a resource curse at the U.S. state level. Of two widely offered explanations for the resource curse, our analysis supports the crowding-out effect in the U.S. rather than the institutional explanation. Investment and R&D are the two main crowded-out factors.


Issue Date:
2013
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/142974
Total Pages:
21
JEL Codes:
Q20; Q30; O13; O51; C23
Note:
Selected Paper prepared for presentation at the Southern Agricultural Economics Association(SAEA) Annual Meeting, Orlando, Florida, 3‐5 February 2013
Series Statement:
Paper
169




 Record created 2017-04-01, last modified 2017-08-26

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