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
2,042 citations
"On the looting of nations" refers background in this paper
...…do so only in the least risky environments, where political turnover is most unlikely, then the marginal impact of capital inflows on looting and growth could be biased downward.21 20Evidence on the relationship between trade and growth is generally mixed (cf. Yanikaya 2003; and Edwards 1998)....
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1,917 citations
"On the looting of nations" refers background in this paper
...It also expands on Mehlum et al. (2006) who found evidence consistent with Dutch Disease when institutional quality was poor.19 We find that even in weak institutional environments foreign lending may be 17Adding five further lags of the looting indicator to the growth equation suggests another…...
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...…quality is one of the main drivers of economic development in general (Acemoglu et al. 2001; Rodrik et al. 2004), and it has been argued that the fates of resource-rich economies in particular are influenced by the quality of their institutions (Robinson et al. 2006; Mehlum et al. 2006)....
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...8Sachs and Warner (1997) and Mehlum et al. (2006) look at average growth over a 25-year period....
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...19Both Mehlum et al. (2006), and Corden and Neary (1982) used the value of resource exports relative to GDP as a proxy for resource dependence....
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...In a related vein, another alternative hypothesis is that resource rents are grabbed when poor institutions reign (Mehlum et al. 2006)....
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1,883 citations
1,815 citations
"On the looting of nations" refers background in this paper
...0; the interaction between resources and lending F(25,43) = 2....
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...24F-tests for the excluded instruments are as follows: in the resource stock equation F(25,43) = 1....
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1,703 citations