Our goal is to show that contrary to the claims made in several recent papers, the effect of a large endowment of oil and other mineral resources on long-term economic growth of countries has been on balance positive. Moreover, the claims of a negative effect of oil and mineral wealth on the countries' institutions are called into question.

This content is only available as a PDF.
Copyright by the President and Fellows of Harvard College and the Massachusetts Institute of Technology
2009
You do not currently have access to this content.