On the looting of nations
Citations
212 citations
Cites background from "On the looting of nations"
...Another form treats institutions as exogenous to resource wealth, and the interaction between resources and institutions explains the divergent outcomes of resource-rich countries (Robinson et al 2006, Mehlum et al 2006, Sarr et al 2011)....
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References
461 citations
"On the looting of nations" refers background in this paper
...An extensive literature documents that resource wealth can be a curse rather than a blessing for many countries (Sachs and Warner 1995)....
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423 citations
420 citations
"On the looting of nations" refers background or result in this paper
...(2) transitory investment in the country’s capital base to build up additional liquidity for looting in the medium term; or (3) long-term investment in the economy (and possibly in shared consumption or political repression) in an attempt to secure tenure and to consume from the economy....
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...In column (2) of the growth equation, we control for country fixed effects....
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...045) with fixed effects in column (2)....
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...The outcome (growth) model supports this claim as well—see columns (1) and (2) in Panel A....
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...These three assumptions are sufficient for establishing the structure of our autocrat’s choice problem, which is built upon the premise that the ruler is pursuing his own agenda after assuming control of the state (Acemoglu et al. 2004)....
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414 citations
"On the looting of nations" refers background in this paper
...5Comparing Figures 2 and 4 demonstrates the point of McGuire and Olson (1996)....
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384 citations
"On the looting of nations" refers background in this paper
...Manzano and Rigobon (2001) find that the resource curse vanishes when controlling for indebtedness....
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...Reduced growth in resource-rich countries has been associated with (i) increased indebtedness (Manzano and Rigobon 2001), (ii) domestic conflict and political instability (Collier and Hoeffler 2004), and with (iii) autocratic regimes and poor institutions (Ross 2001; Isham et al. 2005)....
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...The evolution of these two indicators is indicative of the “boom-based borrowing capacity” highlighted by Usui (1997), and Manzano and Rigobon (2001)....
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