Resource abundance and economic growth in the United States

Papyrakis, Elissaios and Gerlagh, Reyer (2007) Resource abundance and economic growth in the United States. European Economic Review, 51 (4). pp. 1011-1039. ISSN 0014-2921

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Abstract

It is a common assumption that regions within the same country converge to approximately the same steady-state income levels. The so-called absolute convergence hypothesis focuses on initial income levels to account for the variability in income growth among regions. Empirical data seem to support the absolute convergence hypothesis for US states, but the data also show that natural resource abundance is a significant negative determinant of growth. We find that natural resource abundance decreases investment, schooling, openness, and R&D expenditure and increases corruption, and we show that these effects can fully explain the negative effect of natural resource abundance on growth.

Item Type:	Article
Additional Information:	mid:13975 dc:ueastatus:post-print formatted dc:ueahesastaffidentifier:0611730223193
Uncontrolled Keywords:	sdg 8 - decent work and economic growth ,/dk/atira/pure/sustainabledevelopmentgoals/decent_work_and_economic_growth
Faculty \ School:	Faculty of Social Sciences Faculty of Social Sciences > School of Global Development (formerly School of International Development)
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Climate Change Faculty of Social Sciences > Research Groups > Globalisation and CSR
Depositing User:	Vishal Gautam
Date Deposited:	01 May 2007
Last Modified:	28 Mar 2025 03:52
URI:	https://ueaeprints.uea.ac.uk/id/eprint/16361
DOI:	10.1016/j.euroecorev.2006.04.001

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