Minerals, Institutions, Openness, and Growth: An Empirical Analysis
利用面板数据检验了资源诅咒的不同解释，发现制度薄弱的发展中国家存在矿产诅咒，开放贸易会加剧这一问题，而荷兰病和债务积压的解释未获支持。
Competing explanations of the resource curse are tested using panel data. The data support the existence of a mineral resource curse for developing countries with weak institutions, consistent with the hypothesis that owners of mineral resources use weak institutions and openness to trade to stifle the development of human capital, to the detriment of growth in other sectors of the economy. Manufacturing imports substitute for the development of domestic production, so openness to trade correlates with lower growth in mineral dependent economies. The “Dutch disease” and debt overhang explanations of the resource curse are not supported. <i></i>