PT  - JOURNAL ARTICLE
AU  - James L. Butkiewicz
AU  - Halit Yanikkaya
TI  - Minerals, Institutions, Openness, and Growth: An Empirical Analysis
AID  - 10.3368/le.86.2.313
DP  - 2010 May 01
TA  - Land Economics
PG  - 313--328
VI  - 86
IP  - 2
4099  - http://le.uwpress.org/content/86/2/313.short
4100  - http://le.uwpress.org/content/86/2/313.full
SO  - Land Econ2010 May 01; 86
AB  - 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. (JEL O11, Q32)