Threshold Regressions for the Resource Curse

Abstract : This paper analyzes the behavior of cross-country growth rates with respect to resource abundance and dependence. We reject the linear model that is commonly-used in growth regressions in favor of a multiple-regime alternative. Using a formal sample-splitting method, we find that countries exhibit different behaviors with respect to natural resources depending on their initial level of development. In high-income countries, natural resources play only a minor role in explaining the differences in national growth rates. On the contrary, in low-income countries abundance seems to be a blessing but dependence restricts growth.
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Contributeur : Charles Lai Tong <>
Soumis le : mardi 4 décembre 2018 - 14:48:56
Dernière modification le : jeudi 6 décembre 2018 - 01:24:00


WP 2018 - Nr 41.pdf
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  • HAL Id : halshs-01944214, version 1


Nicolas Clootens, Djamel Kirat. Threshold Regressions for the Resource Curse. 2018. 〈halshs-01944214〉



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