Graduate Program

Economics

Degree Name

Master of Arts (MA)

Semester of Degree Completion

2009

Thesis Director

Hui Li

Thesis Committee Member

Ali Moshtagh

Thesis Committee Member

Mukti Upadhyay

Abstract

Rents generated by natural resource endowments can be lucrative and highly productive sources of revenue for countries of all income levels. Countries able to develop sound investment strategies that efficiently allocate resource rents into highly productive activities can set themselves on paths of long-run stable growth. This study estimates the effects of several host-country characteristics on inflows of foreign direct investment and per capita incomes for low income countries finding that investments in human capital do attract inward foreign direct investment. Some evidence supports the hypothesis of a natural resource curse when the abundant resource is agriculture or food.

Included in

Economics Commons

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