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
Posted ContentDOI
Natural Resources, Institutions Quality, and Economic Growth; A Cross-Country Analysis
Saeed Moshiri,Sara Hayati +1 more
TL;DR: In this paper, a growth model including natural resources is developed to estimate the effect of natural resource dependency on economic growth, using different measures of natural resources and controlling for the quality of institutions in 149 countries during 1996-2010.
Journal ArticleDOI
Growth, growth accelerations, and the poor: lessons from Indonesia
TL;DR: In this article, the authors study the impact of growth and growth accelerations on poverty and inequality in Indonesia using a new panel dataset covering 26 provinces over the period 1977 132010.
Posted Content
Working Paper 144 - An Analysis of the Impact of Financial Integration on Economic Activity and Macroeconomic Volatility in Africa within the Financial Globalization Context
TL;DR: In this article, the authors provide an empirical analysis of some of the impacts of international financial integration on economic activity and macroeconomic volatility in African countries, and show that the impact of external capital flows on growth seems to depend mainly on the initial conditions and policies implemented to stabilize foreign investment, increase domestic investment, productivity and trade, develop the domestic financial system, expand trade openness and other actions aimed at stimulating growth and reducing poverty.
Journal ArticleDOI
Trade Outcomes in Africa's Regional Economic Communities and Institutional Quality: Some Policy Prescriptions
TL;DR: In this paper, the authors examined the effectiveness of RECs in Africa with respect to trade outcomes using some indicators, which was achieved using data from African Development Indicators, inter alia (1996-2008).
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.