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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
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Journal ArticleDOI
Natural resources, incentives and human capital: reinterpreting the curse*
Salim Araji,Hamid Mohtadi +1 more
TL;DR: In this article, the authors show that natural resource rents when distributed as lump-sum transfers to individuals distort the incentive to invest in tertiary education and develop an overlapping generations model for the problem.
Dissertation
Essays on institutional evolution and economic development: evidence from Nigeria
TL;DR: In this paper, the authors examined three types of institutions and their impact on the economy: political institutions, economic institutions, and customary institutions and found that institutions in Nigeria were highly influenced by its colonial experience.
Journal Article
Institutions and the Resource Curse in Nigeria
TL;DR: In this paper, the authors look at the relationship that exists between institution and resource curse in Nigeria using secondary data from 1986 to 2012 using descriptive statistics and the unit root test was tested using augmented Dickey Fuller (ADF).
Journal ArticleDOI
Impacts of mineral resources: Evidence from county economies in China
Xiaoping He,Dunguo Mou +1 more
TL;DR: The authors empirically examined the effects of mineral resources on employment in county economies during the mining boom and found that mining boom exerts a significant "crowding out" effect on the manufacturing employment in mineral-resource-dependent counties, but benefits the employment in services.
Posted Content
Global boom, local impacts: Mining revenues and subnational outcomes in Peru 2007-2011
TL;DR: In this article, the authors explore the case of Peru, a mining-rich middle income country, and find evidence that the condition of being mining-abundant district has a significant impact on the pace of reduction of poverty rates and inequality levels.
References
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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.