ECO-4209 : Natural resource economics

ECO-4209 : Natural resource economics

Responsable(s) :
  • Jonathan Goupille-Lebret
  • Mathieu Couttenier
  • Elisa Mougin
  • Alexandre Verlet





2e semestre
Site Descartes

Public externe (ouverts aux auditeurs de cours)

Informations générales sur le cours : ECO-4209

Content objectif

ECO-4209 : Applied economics 5: Natural resource economics

Responsible teacher: Mathieu COUTTENIER (mathieu.couttenier [at] ens-lyon.fr)

Natural resources are at the forefront of the response to local, national and global economic development. The goal of the course is to raise awareness among the students on the impact of natural resources on economic development in both, developed and developing countries. It relies on the literatures in economics and political sciences. After a rigorous treatment of the theory that helps to link natural resources and development, it covers a large array of recent empirical papers on the impact of natural resources on different economics outcomes but also to shed new light on the underlined mechanisms.

The course consists in 4 parts:

  1. Natural resources and economic development: cross-country analysis (macro effects)
    1. Case studies and stylized facts
    2. Related theory
    3. Empirical results on the impact of natural resources on economic growth
    4. Role of institutions to mitigate the effect of natural resources on economic growth
  2. Natural resources and economic development: within-country analysis (local effects)
    1. Survey of the potential threats/strengths of the presence of natural resources on the local development
    2. Empirical evidence for both developed and developing countries of the impact of natural resources on different outcomes: income, local labor market, living standards, fiscal revenues, business environment, gender inequalities, health...
  3. Natural resources and violence
    1. Theoretical background
    2. Evidence with cross-country analysis
    3. Evidence on local violence
  4. Natural resources and institutions
    1. Impact of natural resources abundance on the quality of institutions, political change, transition to democracy, corruption and political incentives
    2. Impact of institutions on natural resources investment