The Relationship between the Resource Curse and Genuine Savings as an Indicator for Weak Sustainability : Theoretical Background and Empirical Evidence

This dissertation deals with the relationship between the Resource Curse (RC) – the empirically proven paradox that countries with abundant natural resources often show slower economic growth – and a measure for the substitution of natural resource depletion by other forms of capital, the World Bank’s Genuine Savings (GS). In four logically successive parts, which are all published papers, this work analyzes the “alarming picture [that most] [c]ountries with a large percentage of mineral and energy rents of GNI typically have lower genuine saving rates” (VAN DER PLOEG 2011: 396-397) as well as... Mehr ...