Using data on 118 countries over the period 1970-2007, a study by economists at the University of Cambridge shows that it is the volatility in commodity prices, rather than abundance per se, that drives the resource curse paradox.
A study by economists at the University of Cambridge are using data on 118 countries over the period 1970-2007. It is the volatility in commodity prices, rather than abundance per se, that drives the resource curse paradox. A study by economists at the University of Cambridge shows this.