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...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| 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 |