20 October 2016 5 7K Report

In some studies, land per capita, or sometimes arable land per capita, is used to measure a country's natural resource abundance. However, is this a good choice?  Large countries (perhaps high land p.c.) tend to have more resource, but a small size (perhaps low land p.c.) may not necessarily mean a lack of natural resource.  Moreover, land per capita cannot reflect the real degree to which a country actually exploits its natural resource.

Other indicators, such as resource rents as % of GDP may be better, but to my knowledge they are less commonly used in empirical studies (perhaps because these data are not available in many cases).

Thank you!

More Yue Teng's questions See All
Similar questions and discussions