It has often been argued that oil, gas and minerals may have a negative impact on development as measured by income per capita. This does not say much about sustainability, which is critical for developing countries whose economic growth derives primarily from the exploitation of exhaustible resources.

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Keywords dynamic panel data, genuine savings, governance, resource curse, sustainable development
JEL Institutions and Growth (jel O43), Environment and Development; Environment and Trade; Sustainability; Environmental Accounting; Environmental Equity; Population Growth (jel Q56)
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Series ISS Staff Group 1: Economics of Sustainable Development
Carbonnier, G, & Wagner, N. (2011). Oil, Gas and Minerals: The Impact of Resource-Dependence and Governance on Sustainable Development. ISS Staff Group 1: Economics of Sustainable Development. Retrieved from