The Re-examination Of The "Resource Curese" Hypothesis

Domestic and foreign economists named the phenomenon for rich natural resources of the country or region of the economy will not necessarily be the rapid development as "resource curse".This kind of rich poverty also plagued the northeast of China.Northeast China are rich in mineral resources,forest and land resources,but at the present stage,the condition of resources has deteriorated and the economic status has declined sharply.Meanwhile,there are still many development problems.This paper reviewed the domestic and foreign research results of "resource curse".Selecting 19 representative resource-based cities in Northeast China as the research object,and then tests the"resource curse" proposition and transmission mechanism.The main conclusions and innovations include the following aspects.Firstly,most of the previous studies on "resource curse" started from provincial data.However,this paper selects 19 representative resource-based cities in Northeast China as the research object.Adding natural resource abundance,economic growth rate,lag econometric model add natural logarithm,the average GDP per capita in a period of manufacturing accounted for,human capital investment,openness,the innovation of science and technology,private economy,government intervention as the variables,and adopts a new calculation method in the selection of variables.The successive regression results of fixed effects model showed a negative correlation between natural resource abundance and economic growth has always been at the 5%significant level of confidence,"resource curse" exists in Northeast China.Secondly,human capital investment,scientific and technological innovation,the development of private economy and the degree of openness will play a positive role in promoting economic growth.The results are different from the previous scholars.The variable manufacturing industry accounted for the negative and significant volatility,which has negative correlation with economic growth.But there is a positive correlation relationship between variables and the extent of government intervention and economic growth.This preliminary considering is northeast in resource type city economic development is relatively backward.In the current economic system,more government intervention investment in backward areas may actually have a positive role in promoting economic development.Thirdly,the transmission mechanism of resource type city in Northeast three provinces and the "resource curse" is mainly reflected in the two aspects of "crowding out" and "weakening"system,the empirical analysis found that the development of rich natural resources will hinder the manufacturing industry,is a typical phenomenon of "Dutch disease".Abundant natural resources will hinder the improvement of the degree of opening up,but it is not statistically significant.The negative correlation between the abundance of natural resources and human capital investment has passed the significance test of the 10%level,but there is no significant crowding out effect on the scientific and technological innovation and the private economy.However,there is a significant positive correlation between the degree of government intervention and the abundance of natural resources.This paper puts forward some policy suggestions for resource-based cities in Northeast China,in order to et rid of the "resource curse".The suggestions including "Developing human resource and technological innovation","The optimization and upgrading of industrial structure","The resource environment management and improvement" and "Improving the system of laws and regulations".