Natural Resources, Investment, And Growth In Low Income Countries

Abstract

Rents generated by natural resource endowments can be lucrative and highly productive sources of revenue for countries of all income levels. Countries able to develop sound investment strategies that efficiently allocate resource rents into highly productive activities can set themselves on paths of long-run stable growth. This study estimates the effects of several host-country characteristics on inflows of foreign direct investment and per capita incomes for low income countries finding that investments in human capital do attract inward foreign direct investment. Some evidence supports the hypothesis of a natural resource curse when the abundant resource is agriculture or food.

Date of Award	2009
Original language	American English
Awarding Institution	Eastern Illinois University
Supervisor	Hui Li (Supervisor)