Natural Resources in Latin America: Neither Curse Nor Blessing
Year: 2010
Type: preprint
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.
Source: SSRN Electronic Journal
Authors: Stephen Haber, Victor Menaldo
Institutions: Hoover Institution, Stanford University, University of Washington
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1748337461