Variedades de recursos naturales y crecimiento económico

Abstract

The ‘resource curse’ literature states that economies with abundant natural resources, tend to experience lower growth rates in the long run. This article presents new empirical evidence of this stylized fact, using dynamic regression models based on data for 154 countries in the 1962-2000 period. Our results show the existence of a negative relationship between economic growth and mineral, agricultural and livestock abundance, resulting from institutional dynamics. Forestry abundance on the other hand, seems to be positively related with growth.