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Frey, Daniel ; Frey, Miriam ; Wieslhuber, Carmen:
Do natural resources define convergence clubs? Empirical evidence from the Kazakh regions.
In: Economic Systems.
Bd. 37
(2013)
Heft 3
.
- S. 404-414.
ISSN 1878-5433
DOI: https://doi.org/10.1016/j.ecosys.2013.05.003
Abstract
This paper deals with the hypothesis that natural resources are important in forming convergence clubs. We check this hypothesis by applying a dependence and an endowment measure of natural resource abundance and a regression tree analysis. The results indicate that for the Kazakh regions natural resources do indeed play an important role in forming convergence clubs. It is further shown that natural resource endowment rather than resource dependence determines initial conditions and thereby convergence clubs.