Series: IMF Working Papers
Author(s): Arvind Subramanian , and Xavier Sala-i-Martin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2003
Keywords: institutions, growth, natural resource, oil revenues, oil prices, natural gas, Economywide Country Studies: Africa, Comparative Studies of Countries, Economic Growth and Aggregate Productivity, Economywide Country Studies,
Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian exper...