New OSIRIS blog: Directed technical change and the resource curse

Many countries with abundant natural resources experience lower economic growth than countries with little or no natural resources. In the economics literature this is referred to as the "resource curse". One reason put forward is lack of technological progress. In a recent study, we have examined a related issue, that is, whether a resource curse may occur due to the wrong type of technological progress, write Greaker, Heggedal and Rosendahl.