Neoclassical growth and the natural resource curse puzzle

We advance a novel mechanism that helps to explain the puzzling evidence on the natural resource curse. The new channel arises in a standard dynamic Heckscher–Ohlin model composed of small-open economies that take international output prices as given. Within this framework, a more capital-intensive...

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Veröffentlicht in:	Journal of international economics 2015-11, Vol.97 (2), p.423-435
Hauptverfasser:	Guilló, Maria Dolores, Perez-Sebastian, Fidel
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital intensive industries Dynamic Heckscher–Ohlin Economic growth Economic models Factor shares Natural resource curse Natural resources Output Small open economy Studies United States
Online-Zugang:	Volltext
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