Research On Natural Resources Effect In Economic Growth

The relation of natural resources and economic growth ought to be a elementary sentence of economics. But the economic growth theory has gradually ignored the research on natural resources, especially inherent machine-made of natural resources in economic growth, pays attention to technology, human capital and institution. The resource problem has become the simple cost of production problem. Accompanying the self-examination to modernity of economic growth, people scan the inherent significance of natural resources in modern economic growth again. Showing solicitude for the natural resources factor in economy theory becomes tidal current. Natural resources are factors in the process of growth,which might expand the frontier of production theoretically. But the phenomenon of"Resource Curse"is a strong tendency currently.Regions with abundant resources usually have slower growth than those lack of resources.As for the long range, rich natural resource is not good fortune, but misfortune on the contrary for a few countries. Economists give this phenomenon a proper noun"Resource Curse". As for the long range, rich natural resources have extremely strong inhibitory action to economy. The increase speed of economy body with rich natural resources is slower than the poor.Do natural resources no longer decide the size of a country's wealth? Do natural resources promote or delay economic development? Academics have not reached a consensus. The resource curse theory has been plagued by controversy. The abundance and utilization of natural resources have a positive or negative impact on economic growth. How can we explain the different economic growth performance with the abundant resources? For some countries, natural resources are blessing, and some curse. Why resource-rich countries grow more slowly than resource-poor countries? Since the 1990s, the explanation of"Resource Curse"has become the most interesting focus in the development economics. The problem boils down to which role natural resources play in economic growth. The gospel, or curse, or neither yes? What is the mechanism of natural resources in economic development in the end? Can abundant natural resources constitute a sufficient condition for economic growth? Research on these issues in the past 20 years has become one of the important discoveries in development economics. These outstanding issues lead us to conduct more in-depth research.Chinese economic growth has area gap all the time. East provinces such as Jiangsu, Zhejiang and Guangdong, relatively barren in natural resources, but are in the front row of economic growth long-term. Although natural resources are affluent, central and western regions increases relatively slowly .After entering 21 centuries, Chinese economy enters the weight chemical industrialization stage. Resource bonus appears. Province with the affluent resource are enjoying"Resource Bonus". Chinese dyadic rough economic growth pattern has propped up development of the most important economic in the world, realized the whole world trade increase ,and brought about Chinese low energy efficiency, great environment loadable pressure and expensive society management cost. Certainly, the natural resources inevitable restrain our country economy sustainable development. Whether"Resource Curse"law exist in our country or not? Does long range economic growth have some kind of inherent connection with degree of natural resources? What cause"Resource Curse"? What are nature and agent back this phenomenon? How to solve this difficult problem? How to seek the effective approach to solve constrained resource problem laying resource curse research? Therefore, research on natural resources effect in economic growth has important theory value. At the same time, research on natural resources effect in Chinese economic growth has very urgent practical or immediate significance in the process of transforming to market economy.The paper focuses on these addressed and answered issues. In order to understand these issues, it is need to clear the key factors and inherent mechanism of economic growth. It involves the awareness of the source of economic growth in economic growth theory. Only from the clues of study, natural resources effect in economic growth can be made clear. This paper has a new awareness of natural resources in the economic growth, constructs the analysis framework of natural resources effect in the economic growth, inputs natural resources into the model of economic growth as an element, and studies economic growth under natural resource constraints. It analyses natural resources contribution to economic growth in China and the regions, and proves"Resource Curse"proposition. It discusses the institutional root of China's natural resources management and operation. It draws lessons from both domestic and foreign, applies the findings of the study, and explores how to solve resource curse problems and how to find effective way to disarm resource constraints on the basis of further research. The corresponding policy and recommendations are proposed in the end.ChapterⅠintroduces the topics on the background, research significance at home and abroad, research ideas and the basic framework, research methods and possible innovation and the problems that exist.Chapter II is summary of theory. Classical economics had the tradition of natural resources constraint on economic growth. Marxist political economics expounded that natural resources had the impact on economic growth. Modern economics ignored the contribution of natural resources, and concerned the basic role of long-neglected natural resources growth factor later. It re-examines intrinsic significance of the natural resources in modern economic growth, and identifies the importance of resources. Building the theory of economic growth, we not only concern technology, human capital and other variables, but also basic variable natural resources. This lays the theoretical foundation for thesis research.Chapter III is natural resources in the economic growth. First of all, the concepts of natural resources and economic growth of this paper are defined and described, and then it analyses natural resources in different stages of economic development and contribution to the historical evolution of the natural resources. It supports the conclusion China's economic growth is the basis of natural resources. Finally, it studies the concepts of natural resources in economic growth.Chapter IV is the mechanism of natural resources endowment role in economic growth. One is the economic effect of the natural resources, the other is resource curse. Enjoying the dividends also means that resource curse will be accepted. It is a two-sided coin philosophy. Economic growth is never caused by a single factor, is the result of a combination of factors synergies. The key question is the logical and interactive relationship between factors. It applies to the long-term economic development of the complex process. The actual mechanism is likely that a variety of channels affect. In this paper, the analysis framework of natural resources effect in the economic growth is put forward. Under certain conditions, natural resources endowment constraint economic growth through endogenous factor mobility, technology and exogenous institution three channels.Chapter V is the natural resources in endogenous model of economic growth. First, the natural resources as a factor are inputs into the model of economic growth. It studies economic growth under natural resource constraints to provide theoretical support for solving the resource constraints. Secondly, considering the natural resources in the endogenous model of sustained economic growth, it makes the corresponding conclusions. Rich resources generate the effect that it extrudes innovation, impedes innovation and technological progress, and falls into the trap of resource advantages. Finally, it explores the relationship among economic growth, natural resources and institutional quality. Resource endowment is blessing or a curse, which depends on the quality of institution. Good institution makes natural resources blessing, but the bad institution makes the natural resources curse appear. Based on these hypotheses, it analyses resource constraint from the theoretical model and explains resource curse phenomenon.Chapter VII is natural resource management institution analysis. It discusses on the institution reasons of natural resources effect in China's economic growth, and studies the root institution of Chinese natural resource management problems in the operation to promote China's natural resource management institution innovation and economic growth.Chapter VIII is natural resources effect in economic growth case studies at home and abroad. It provides experience and lessons for the sustainable use of our natural resources, achieving rapid economic development, and alleviating resource constraints.Chapter IX is countermeasure about resources development and economic growth mode change.The mechanisms and effects of natural resources in the economic growth are the forefront issues and important focus of current international economics research. Some people have done very inspiring and pioneering work in this field. I stand on the shoulders of our predecessors. I have fully absorbed from the research results, and have done a lot of research and extension in accordance with my own basic theory and analytical tools. The main innovation of this paper may be reflected.1. Apart from the classical economic growth theory attention on this growth factor natural resources, the new classical and modern theory of economic growth have failed to give full attention. This article holds that we must attach importance to the foundation of economic growth variables natural resources, the starting point and standpoint of the effective economic growth is a new awareness of natural resources. The theory of economic growth should not only concern about institution, technology, human capital and other variables, more fully concerns about basic variable natural resources. In this paper, the natural resources as a factor are input into economic growth model .It studies economic growth in natural resource-constrained ,and shows that we must rely on scientific and technological progress and institution innovation to be out of the growth trap of natural endowments and make the quality and quantity of economic growth reunify.2. From a historical perspective, it expounds historical evolution of the role of natural resources in economic growth. Impacted by economy, society, science and technology, the contribution of natural resources to economic growth is a dynamic change. It draws conclusions that the tough constraint of natural resources inevitably affects China's economic and sustainable development, and natural resources is still supporting China's current economic growth.3. Which role do natural resources play in economic growth, the gospel or curse?The paper dissects key factor and internal mechanism in economic growth, and makes the effect of natural resources in economic growth clear. It thinks that economic growth is a series of events, and natural resource endowment is an illusory rainbow and a coin with a pair of face. In terms of natural resources for economic growth, it is not a sufficient condition, nor a necessary condition. The paper takes natural resources, technological progress, institutional arrangements and other elements into the same analytical framework, and considers the evolution path of natural resources, institution and technological progress effect in economic growth. Under certain conditions, mainly through endogenous factor mobility, technology and exogenous institution three channels, natural resource endowment constraints economic growth. From the long-term growth trends, technological innovation and institution innovation are more decisive significant. 4. The paper analyses quantitatively the contribution of natural resources to China's and the region's economic growth. It first uses panel data to analyze quantitatively and comparatively natural resources effects in economic growth in the eastern, central and western areas and tests the transmission mechanism of natural resources constraint on economic growth. A classic hypothesis in economics—"Resource Curse"has been tested. The paper reveals the transmission mechanism of natural resources curse,and thinks that abundant natural resources mainly through investment, human capital, innovation and institution channels affect China's economic growth.5. The paper does a comprehensive and in-depth analysis on institution factor of natural resources from the institution of natural resources property rights, natural resources tax, natural resources price and natural resource management four factors, and gives the paths of cracking natural resources restraint in China's economic growth and resource curse in areas with superior resources. They are promoting innovation institution, relying on scientific and technological progress, increasing human capital investment, constructing natural resource share mechanism, establishing and improving ecological compensation mechanism, reconstructing the natural resources competition, cultivating competitive industries, and combining the development and protection of resources.Natural resources effect in economic growth is the fundamental question of economics, in the forefront of research topics, and a system project. It involves political economics, regional economics, resource economics, international economics and ecology, and other aspects of the theory. It requests the researcher's high theoretical knowledge. As I am limited by the knowledge structure and shallow knowledge, there are unavoidable some problems in the paper. First, dealing with the issue as specific model, translating into a general theory, and drawing the universal conclusions are obviously inadequate. Especially, the mechanism of China's natural resources needs to be further thought. Secondly, the use of panel data on the econometric analysis natural resources effects in economic growth in inter-provincial and district-level is limited by statistical data available. It is a too short time span, only 10 years. It might make conclusion lack of effective support. It needs phases, with a longer period of time, and more specific data to support empirical study. Finally, China's economy gradually enters a stage of weight chemical industrialization. If the regions with rich natural resources rely too much on"Resources Dividend", they can not escape the"Resource Curse"destiny. What is the natural resources effect in China's economic growth? How do resource-based cities and the western region with abundant natural resources crack resource curse? The contradictions, game interests and other related issues among the central government, local government, central enterprises and local enterprises are to be in-depth study.