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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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The social development effects of primary commodity export dependence
Fabrizio Carmignani,Désiré Avom +1 more
TL;DR: In this article, the authors measure social development by a combination of health and education outcomes and resource intensity by the share of primary commodities in total merchandise exports, and find that a higher dependence on primary commodity exports is negative for social development.
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Crowd-sourcing transparency: ICTs, social media, and government transparency initiatives
TL;DR: Examination of ways in which governments build social media into transparency and anti-corruption ICTs -- particularly e-government functions -- linking specific media with example initiatives is examined.
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Media Freedom, Bureaucratic Incentives, and the Resource Curse
TL;DR: The authors show that free media are less likely to emerge in resource-rich economies where the ruler is less interested in providing incentives to his subordinates, and show that this prediction is consistent with both cross-section and panel data.
Journal ArticleDOI
Trade policies, institutions and the natural resource curse
Rabah Arezki,F. van der Ploeg +1 more
TL;DR: This paper investigated the impact of the interaction of natural resource abundance and policies on growth and found that the resource curse is less severe in countries with less restrictive trade policies and good institutions, and that empirical evidence is not robust to correcting for the endogenous nature of some regressors.
Journal ArticleDOI
The puzzle of greenhouse gas footprints of oil abundance
TL;DR: In this paper, the authors put forward a three-sector decision model, which provides a common ground for the assessment of the interaction of the structuralist and institutional factors influencing environmental pollution in the oil-reliant economies.
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).
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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.