🌐 Global Economy 3d ago · Menzie Chinn

Guest Contribution: “Is a Natural Resource Curse Crowding Out US Renewable Energy?”

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Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version was published in Project Syndicate.  Thanks are due Sohaib Nasim for research assistance.

 

The Natural Resource Curse [NRC] refers to negative effects that a booming commodity sector can have on a country’s overall economic growth.  (Commodities are defined to include oil and natural

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