China and Natural Resource Curse in Developing Countries: Empirical Evidence from a Cross‐Country Study

23 Pages Posted: 20 Jan 2016

See all articles by Fubing Su

Fubing Su

Vassar College

Guoxue Wei

National Development & Reform Commission (NDRC)

Ran Tao

Renmin University of China

Date Written: January–February 2016

Abstract

China's rising demand for natural resources and its growing presence in many poor and resource‐rich countries have been criticized for promoting neo‐colonialism in the 21st century. Using panel data for 135 developing countries from 1995 to 2007, the present paper empirically evaluates the validity of such claims. Our findings do not support the resource curse thesis in the areas of industrialization and economic growth. Moreover, the effect of resources is conditional on the initial quality of political institutions in a country.

Keywords: China, developing countries, economic growth, resource curse

JEL Classification: F13, F21, F54

Suggested Citation

Su, Fubing and Wei, Guoxue and Tao, Ran, China and Natural Resource Curse in Developing Countries: Empirical Evidence from a Cross‐Country Study (January–February 2016). China & World Economy, Vol. 24, Issue 1, pp. 18-40, 2016. Available at SSRN: https://ssrn.com/abstract=2717777 or http://dx.doi.org/10.1111/cwe.12142

Fubing Su (Contact Author)

Vassar College ( email )

124 Raymond Avenue
Poughkeepsie, NY 12604
United States

Guoxue Wei

National Development & Reform Commission (NDRC) ( email )

Block B, Guohong Building
Jia 11, Muxidi Beili, Xicheng District
Beijing 100038
China

Ran Tao

Renmin University of China ( email )

Room B906
Xianjin Building
Beijing, Beijing 100872
China

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