... and is an original contribution. Soran Mohtadi can be contacted at: soran.mohtadi@e-campus.uab.cat Human capital Natural resources Institutions Resource curse O4 O13 O15 Are natural resources a curse or a blessing for the path of economic development? This question is raised substantially...

... nexus. Practical implications While countries use their natural resource sector as an instrument to attract FDI into the countries, low- and middle-income countries face the dilemma of experiencing the resource curse in the form of watered down FDI-induced growth. Therefore, low- and middle-income...

... appreciations (Gylfason et al., 1999). Atkinson and Hamilton (2003) recommend a different transmission channel and find that resource-abundant countries that use resource revenues to finance public investments that pay permanent annuities can escape the resource curse; i.e., they avoid what...