Open AccessPosted Content
Institutions and the resource curse
Reads0
Chats0
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
Natural Resources and Economic Growth: A Meta-Analysis
TL;DR: In this article, a quantitative survey of 605 estimates reported in 43 studies found that overall support for the resource curse hypothesis is weak when potential publication bias and method heterogeneity are taken into account.
Posted Content
The Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions
TL;DR: This paper reviewed the literature, classified according to six channels of causation that have been proposed: (i) long-term trends in world prices, (ii) price volatility, (iii) permanent crowding out of manufacturing, (iv) autocratic/oligarchic institutions, (v) anarchic institutions and (vi) cyclical Dutch Disease.
Journal ArticleDOI
Social impact assessment in the mining sector: Review and comparison of indicators frameworks
Lucia Mancini,Serenella Sala +1 more
TL;DR: In this article, a review of the associated literature, identifying a list of typical social impacts occurring in the mining sector, and explore their geographical distribution, is performed, compared against the indicators used for assessing and promoting sustainability in different contexts and at different scales: (i) the United Nations Sustainable Development Goals (SDG), (ii) the Global Reporting Initiative (GRI), (iii) the EU policy making through the analysis of the Better Regulation policy and three impact assessment reports, and (iv) the databases used in Social Life Cycle Assessment (SLCA).
Posted Content
A theory of military dictatorships
TL;DR: In this article, the authors investigate how non-democratic regimes use the military and how this can lead to the emergence of military dictatorships and show that greater inequality makes the use of the military in nondemocratic regimes more likely and also makes it more difficult for democracies to prevent military coups.
Journal ArticleDOI
(Neo-)extractivism – a new challenge for development theory from Latin America
TL;DR: In this article, the authors address new challenges and identify starting points for development theory following recent debates in Latin America on "new or neo-extractivism" and focus on the concept of neo extractivism and the context of its emergence and on the changing role of the state.
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.