On the looting of nations
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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
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"On the looting of nations" refers background in this paper
...This implies that: lt ≤ θzZ +θkkt (1) The second point captures the idea of a credit ceiling (Eaton and Gersovitz 1981)....
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2,317 citations
2,314 citations
"On the looting of nations" refers background or methods in this paper
...Panel A represents growth equation (15) and Panel B presents the results from turnover equation (16)....
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...Turnoverit = { 1 if Turnover∗ it > 0 0 otherwise (16) Turnover∗ it = β0 + β1Resourcesit + β2Lendingit + β3Resourcesit ∗ Lendingit + β4log(GDPcap)it + β5log(GDPcap) 2 it + β6X2it + ηit...
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...We estimate equations (15) and (16) jointly by Full Information Maximum Likelihood (FIML) using a treatment regression approach....
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2,155 citations
2,148 citations