The relative richness of the poor? : Natural resources, human capital, and economic growth / Claudio Bravo-Ortega and Jose de Gregorio

"Are natural resources a blessing or a curse? Bravo-Ortega and De Gregorio present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth eff...

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Bibliographic Details
Main Authors:Bravo Ortega, Claudio
Corporate Authors:World Bank
Other Authors:De Gregorio, Jose, 1959-
Format: Online-Resource
Language:English
Published:[Washington, D.C] : World Bank, 2005
Series:Policy research working paper
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