Abstract: In order to explore an approach to resourcesbased economy, this paper constructs an endogenous growth model of small regional economy system oriented by resources development, which is used to assess elements fluidity and path selection of resourcesbased economy. Under a low element allocation level, dependence on resources will not only directly impede a long term economic growth, but also indirectly weaken the capacity of economic growth from other socialeconomic variables. Resourcesbased economy does not mean morbid, and its element allocation determines the occurrence of “resources curse”. This paper presents approaches to operation of resourcesbased economy from marketing reform, elements allocation optimization, human capital accumulation and progressive capital formation mechanism.

Key words: resourcesbased economy, operation mechanism, economic growth, elements allocation

摘要： 为了探究资源型经济的良性发展路径，建立以资源开发为导向的小型区域经济体系的三部门内生增长模型，考察资源型经济要素流动机制和路径选择特征。模型分析表明，在要素配置水平低的情况下，依赖资源开发不仅会直接阻碍长期经济增长，还能够通过其他社会经济变量的间接作用弱化经济增长能力。因此，提出资源型经济并不意味着病态经济，资源开发部门的要素配置情况对“资源诅咒”发生与否起决定作用，并对该观点进行了实证检验。最后，提出实现资源型经济良性运行的政策建议，即继续深化市场化改革，优化要素配置，通过人力资本积累和可递进的资本形成机制构建资源型地区长期经济增长的动力。

关键词: 资源型经济, 运行机制, 经济增长, 要素配置