Corruption and the curse of natural resources

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dc.contributor.authorPendergast, Shannon Marie
dc.contributor.supervisorvan Kooten, G. Cornelis
dc.contributor.supervisorClarke, Judith A.
dc.date.accessioned2007-12-19T17:04:48Z
dc.date.available2007-12-19T17:04:48Z
dc.date.copyright2007en_US
dc.date.issued2007-12-19T17:04:48Z
dc.degree.departmentDept. of Economicsen_US
dc.degree.levelMaster of Arts M.A.en_US
dc.description.abstractIn 1995, Jeffrey Sachs and Andrew Warner found a negative relationship between natural resources and economic growth, and claimed that natural resource abundance is a curse. The work of Sachs and Warner has been widely cited, and many economists now accept the curse of natural resources as a proven phenomenon (e.g. Papyrakis and Gerlagh, 2004; Kronenberg, 2004). In this thesis, I provide a new framework for evaluating this claim. I begin by providing a summary of the related literature and discussion of possible explanations for the curse. This summary is followed by a critical assessment of the theory underlying previous research. Next, I develop a new model for evaluating the curse of natural resources. I find that natural resource abundance does not directly impact economic development. However, petroleum resources are associated with rent-seeking behaviour that can negatively influence economic development. Finally, I show that my results are robust to various sensitivity analyses. The results from my model provide a deeper understanding of how natural resource abundance affects economic outcomes.en_US
dc.identifier.urihttp://hdl.handle.net/1828/281
dc.languageEnglisheng
dc.language.isoenen_US
dc.rightsAvailable to the World Wide Weben_US
dc.subjectnatural resourcesen_US
dc.subjectcorruptionen_US
dc.subjectcurseen_US
dc.subjecteconomic developmenten_US
dc.subjecteconomic growthen_US
dc.subject.lcshUVic Subject Index::Humanities and Social Sciences::Economicsen_US
dc.titleCorruption and the curse of natural resourcesen_US
dc.typeThesisen_US

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