Abstract

http://ssrn.com/abstract=1625504
 
 

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Natural Resources in Latin America: Neither Curse Nor Blessing


Stephen Haber


Stanford University - Hoover Institution and Political Science; National Bureau of Economic Research (NBER)

Victor A. Menaldo


University of Washington - Department of Political Science

June 15, 2010

Oxford Handbook of Latin American Political Economy, 2012

Abstract:     
We review the methodological innovations and findings from an ongoing research program that reevaluates the resource curse hypothesis on a global scale using a time-series and counterfactually-driven approach to the data (Haber and Menaldo 2010). While we do not find any evidence that increases in natural resource reliance undermine democracy or prevent democratization, some of our results suggest a resource blessing. We also explore why our findings diverge from conventional wisdom, offering both methodological and theoretical reasons why the resource curse theory and its supporting evidence is flawed. Finally, we also undertake a reevaluation of the evidence for a resource blessing in Latin America along the lines pursued in our general research program. Contradicting extant work on this topic, our findings suggest that natural resources are neither a curse nor blessing in Latin America.

Number of Pages in PDF File: 21

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Date posted: June 16, 2010 ; Last revised: January 9, 2012

Suggested Citation

Haber, Stephen and Menaldo, Victor A., Natural Resources in Latin America: Neither Curse Nor Blessing (June 15, 2010). Oxford Handbook of Latin American Political Economy, 2012. Available at SSRN: http://ssrn.com/abstract=1625504

Contact Information

Stephen H. Haber
Stanford University - Hoover Institution and Political Science ( email )
Stanford, CA 94305
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Victor A. Menaldo (Contact Author)
University of Washington - Department of Political Science ( email )
101 Gowen Hall
Box 353530
Seattle, WA 98195
United States
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