Examining the ‘blessing’ effects of natural resource endowments on economic growth in Latin America and the Caribbean

The implications of the natural resources “curse” hypothesis are enormous for the design of economic policies, and an erroneous appreciation of this phenomenon can lead to poor decision-making with disastrous impacts on the regional economy. This study presents new evidence regarding this hypothesis...

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Detalhes bibliográficos
Autor: Le Clech, Néstor Adrián
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2025
País:España
Recursos:Universidad de Sevilla (US)
Repositorio:idUS. Depósito de Investigación de la Universidad de Sevilla
OAI Identifier:oai:idus.us.es:11441/182221
Acesso em linha:https://hdl.handle.net/11441/182221
https://doi.org/10.1007/s10663-025-09657-z
Access Level:acceso abierto
Palavra-chave:Non-renewable resources
Natural resource ‘curse’ hypothesis
Latin America and the Caribbean economies
Human and physical capital accumulation
Natural resource wealth and economic growth
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spelling Examining the ‘blessing’ effects of natural resource endowments on economic growth in Latin America and the CaribbeanLe Clech, Néstor AdriánNon-renewable resourcesNatural resource ‘curse’ hypothesisLatin America and the Caribbean economiesHuman and physical capital accumulationNatural resource wealth and economic growthThe implications of the natural resources “curse” hypothesis are enormous for the design of economic policies, and an erroneous appreciation of this phenomenon can lead to poor decision-making with disastrous impacts on the regional economy. This study presents new evidence regarding this hypothesis for the Latin American and Caribbean (LAC) region measuring the impact on the region’s economic growth. The long- and short-run elasticities are estimated, and both the abundance and dependence effects are measured through different variables. The evidence indicates that this hypothesis is not validated for the region and that the main drivers of growth continue to be traditional factors, such as the accumulation of human and physical capital. To a lesser extent, both renewable and non-renewable natural resources also positively impact economic growth. Our study confirms a ‘blessing’ effect from these resources.SpringerEconomía e Historia Económica2025info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://hdl.handle.net/11441/182221https://doi.org/10.1007/s10663-025-09657-zreponame:idUS. Depósito de Investigación de la Universidad de Sevillainstname:Universidad de Sevilla (US)InglésEmpirica, 52 (4), 811-838.https://doi.org/10.1007/s10663-025-09657-zinfo:eu-repo/semantics/openAccessoai:idus.us.es:11441/1822212026-06-17T12:51:07Z
dc.title.none.fl_str_mv Examining the ‘blessing’ effects of natural resource endowments on economic growth in Latin America and the Caribbean
title Examining the ‘blessing’ effects of natural resource endowments on economic growth in Latin America and the Caribbean
spellingShingle Examining the ‘blessing’ effects of natural resource endowments on economic growth in Latin America and the Caribbean
Le Clech, Néstor Adrián
Non-renewable resources
Natural resource ‘curse’ hypothesis
Latin America and the Caribbean economies
Human and physical capital accumulation
Natural resource wealth and economic growth
title_short Examining the ‘blessing’ effects of natural resource endowments on economic growth in Latin America and the Caribbean
title_full Examining the ‘blessing’ effects of natural resource endowments on economic growth in Latin America and the Caribbean
title_fullStr Examining the ‘blessing’ effects of natural resource endowments on economic growth in Latin America and the Caribbean
title_full_unstemmed Examining the ‘blessing’ effects of natural resource endowments on economic growth in Latin America and the Caribbean
title_sort Examining the ‘blessing’ effects of natural resource endowments on economic growth in Latin America and the Caribbean
dc.creator.none.fl_str_mv Le Clech, Néstor Adrián
author Le Clech, Néstor Adrián
author_facet Le Clech, Néstor Adrián
author_role author
dc.contributor.none.fl_str_mv Economía e Historia Económica
dc.subject.none.fl_str_mv Non-renewable resources
Natural resource ‘curse’ hypothesis
Latin America and the Caribbean economies
Human and physical capital accumulation
Natural resource wealth and economic growth
topic Non-renewable resources
Natural resource ‘curse’ hypothesis
Latin America and the Caribbean economies
Human and physical capital accumulation
Natural resource wealth and economic growth
description The implications of the natural resources “curse” hypothesis are enormous for the design of economic policies, and an erroneous appreciation of this phenomenon can lead to poor decision-making with disastrous impacts on the regional economy. This study presents new evidence regarding this hypothesis for the Latin American and Caribbean (LAC) region measuring the impact on the region’s economic growth. The long- and short-run elasticities are estimated, and both the abundance and dependence effects are measured through different variables. The evidence indicates that this hypothesis is not validated for the region and that the main drivers of growth continue to be traditional factors, such as the accumulation of human and physical capital. To a lesser extent, both renewable and non-renewable natural resources also positively impact economic growth. Our study confirms a ‘blessing’ effect from these resources.
publishDate 2025
dc.date.none.fl_str_mv 2025
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/11441/182221
https://doi.org/10.1007/s10663-025-09657-z
url https://hdl.handle.net/11441/182221
https://doi.org/10.1007/s10663-025-09657-z
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Empirica, 52 (4), 811-838.
https://doi.org/10.1007/s10663-025-09657-z
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Springer
publisher.none.fl_str_mv Springer
dc.source.none.fl_str_mv reponame:idUS. Depósito de Investigación de la Universidad de Sevilla
instname:Universidad de Sevilla (US)
instname_str Universidad de Sevilla (US)
reponame_str idUS. Depósito de Investigación de la Universidad de Sevilla
collection idUS. Depósito de Investigación de la Universidad de Sevilla
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,228081

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