Open AccessPosted Content
Institutions and the resource curse
TLDR
In this article, the authors claim that the main reason for diverging experiences is differences in the quality of institutions, and they test this theory building on Sachs and Warner's influential works on the resource curse.Abstract:
Countries rich in natural resources constitute both growth losers and growth winners. We claim that the main reason for these diverging experiences is differences in the quality of institutions. More natural resources push aggregate income down, when institutions are grabber friendly, while more resources raise income, when institutions are producer friendly. We test this theory building on Sachs and Warner's influential works on the resource curse. Our main hypothesis: that institutions are decisive for the resource curse, is confirmed. Our results are in sharp contrast to the claim by Sachs and Warner that institutions do not play a role.read more
Citations
More filters
Journal ArticleDOI
On the relationship between resource funds, governance and institutions: Evidence from quantile regression analysis
TL;DR: This article used quantile regression estimation techniques to investigate the relationship between resource funds, governance and institutional quality by paying special attention to the distribution of the latter and found that resource funds are associated with better governance and institutions.
Journal ArticleDOI
Democratic institutions and the energy intensity of well-being: a cross-national study
TL;DR: In this article, the authors investigated the relationship between democratic institutions and the energy intensity of well-being, an adjusted ratio of energy consumption and life expectancy, and found that democratic institutions do not appear to improve sustainability, while non-democracies do worse than other systems of government.
Journal ArticleDOI
Mineral taxes and the local public goods provision in mining communities
Dusan Paredes,Nathaly M. Rivera +1 more
TL;DR: In this paper, the effects of a non-distortionary tax on local concessions using a panel of 345 local governments between 2009 and 2014 were examined, and the benefits of the tax on mining localities were compared with two counterfactual groups of non-mining localities.
Journal ArticleDOI
A comparison of family policy designs of Australia and Norway using microsimulation models
Guyonne Kalb,Thor Olav Thoresen +1 more
TL;DR: In this article, the authors compare the two types of policies and discuss policy changes within these two policy types by presenting results from simulations, using microsimulation models developed for Australia and Norway, and highlight that the case for policy changes is restricted by the economic environment and the role of family policy in the two countries.
Posted Content
Corporate Social Responsibility in the Angolan Oil Industry
Arne Wiig,Madalena Ramalho +1 more
TL;DR: In this paper, the authors discuss the oil companies' corporate social responsibility (CSR) when a resource rich country such as Angola lacks accountable public institutions, and analyse the type of responsibility oil companies take and factors driving corporate Social responsibility from undertaking a survey among oil service firms operating in Angola.
References
More filters
Journal ArticleDOI
Why Do Some Countries Produce so Much More Output Per Worker than Others
TL;DR: This paper showed that differences in physical capital and educational attainment can only partially explain the variation in output per worker, and that a large amount of variation in the level of the Solow residual across countries is driven by differences in institutions and government policies.
Posted Content
Greed and Grievance in Civil War
Paul Collier,Anke Hoeffler +1 more
TL;DR: Collier and Hoeffler as discussed by the authors compare two contrasting motivations for rebellion: greed and grievance, and show that many rebellions are linked to the capture of resources (such as diamonds in Angola and Sierra Leone, drugs in Colombia, and timber in Cambodia).
Journal ArticleDOI
Institutions and economic performance: cross‐country tests using alternative institutional measures
Stephen Knack,Philip Keefer +1 more
TL;DR: The authors compared more direct measures of the institutional environment with both the instability proxies used by Barro (1991) and the Gastil indices, by comparing their effects both on growth and private investment.
Posted Content
Natural Resource Abundance and Economic Growth
TL;DR: The authors showed that countries with a high ratio of natural resource exports to GDP tended to have low growth rates during the subsequent period 1971-89, even after controlling for variables found to be important for economic growth, such as initial per capita income, trade policy, government efficiency, investment rates, and other variables.
Journal ArticleDOI
The curse of natural resources
TL;DR: The authors showed that there is little direct evidence that omitted geographical or climate variables explain the curse of natural resources, or that there was a bias resulting from some other unobserved growth deterrent.