A Quest for a Cause for Failing Growth:
An Econometric Investigation of Resource Curse
by Dr. Maiju Johanna Perälä, Chief Scientist at Authentic Vegan Consulting
This study investigates the dynamics behind the observed resource curse across countries and brings forth evidence on the importance of natural resource endowment type on growth, especially in the absence of social cohesion. The results suggest the presence of a relatively significant growth disadvantage in fractionalised economies with concentrated resource flows. The finding is interpreted to reflect a greater prevalence of rent-seeking incentives in these types of economies, since the potential gains from rent-seeking are high and concrete in comparison to a case in which resource flows are more dispersed throughout the economy. Given that fractionalisation has been found to be correlated with weak institutions, corruption and political economy challenges, the empirical analysis of this study, by simultaneously recognising the nature of natural resource flows, brings forth relatively comprehensive cross-country evidence on natural resource curse, by revealing its nature and possible presence in economies with weak institutions and political economy challenges.
This high quality scientific investigation is released to the global market as the eight contribution in the Classical Science Monographs -series, which contains academically valuable contributions by Dr. Maiju Johanna Perälä that bear undeniable relevance for the advancement of the humanity globally.
Author: Dr. Maiju Johanna Perälä
eBook: 158 pages
Publisher: Authentic Vegan Publishing (April 20, 2020)
Product Dimensions: 6 x 9 in (15.24 x 22.86 cm)
eBook Format: PDF (Kindle compatible with enhanced navigation features)
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