Are Natural Resources a “Blessing” or a “Curse”?——Based on Analyses of the Correlation between Resource Abundance and Income Level

Are Natural Resources a “Blessing” or a “Curse”?——Based on Analyses of the Correlation between Resource Abundance and Income Level
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自然资源是“福”还是“祸”?——基于资源丰度与收入水平相关性分析

DOI:
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发表时间:
2014
期刊:
East China Economic Management
影响因子:
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通讯作者:
Feng Zong
Feng Zong
中科院分区:
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文献类型:
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作者:
Feng Zong

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“资源诅咒”的结论源于传统文献中资源丰度与经济增长率的负相关关系。该论文质疑这一假设。通过构建包含可耗竭资源的二部门模型,证明资源收入增长的负效应和收入水平的正效应可以同时存在。因此,资源对于一个经济体来说是“祸”还是“福”,只能通过研究资源丰度与收入水平的相关性来判断。文章通过中国地级城市数据和面板阈值回归模型发现,收入水平对资源丰富城市的正向影响,资源是“福”而不是“祸”。
The conclusion of"resource curse"is derived from the negative correlation between resource abundance and economic growth rate in traditional literatures. The paper queries this hypothesis. By building a two-sector model including exhaustible resources,the paper demonstrates that the negative effect of resource revenue growth and the positive effect of income level can exist simultaneously. Therefore, whether resources are a"curse"or a"blessing"for an economy can only be determined by the research on the correlation between resource abundance and income level. With Chinese prefecture-level cities data and panel threshold regression model, the paper finds the positive effect of income level in resource abundance cities,so resources are a"blessing"instead of a"curse".