@techreport{b70889c984fd4bcfa4efaee8be065237,
title = "The Resource Curse - A Natural Experiment",
abstract = "This paper compares Mauritius and Trinidad and Tobago which have a very similar climate, history, institutional framework, ethnic composition, size, etc., but are different in the natural resources they possess. Trinidad and Tobago has achieved a higher per capita GDP based on its petrodollars, but Mauritius has achieved a more robust and stable growth path and a diversified economy based on an export-oriented economic strategy. Trinidad and Tobago is highly dependent on the world market prices for oil and gas and engages in a smaller variety of economic activities, giving it a worse perspective for its future economic development. It appears that this curse is mainly working through Dutch disease effects.",
keywords = "Resource Curse, Dutch Disease, Natural Experiment, Mauritius, Trinidad and Tobago",
author = "A.F. Zenth{\"o}fer",
year = "2011",
language = "English",
volume = "2011-028",
series = "CentER Discussion Paper",
publisher = "Economics",
type = "WorkingPaper",
institution = "Economics",
}