TY - UNPB
T1 - Revisiting the role of the resource curse in shaping institutions and growth
AU - Murshed, Mansoob
AU - Badiuzzaman, Muhammad
AU - Pulok, MH
N1 - hdl.handle.net/1765/77766
PY - 2015
Y1 - 2015
N2 - This paper examines the effect of natural resource dependence on growth in a cross-country setting during 1970 to 2010, first accounting for the effect of resource export dependence on institutional development. We employ several political and governance indicators, numerous econometric techniques on two separate panels, including one post-cold war. Our findings suggest there is a resource curse adversely effecting growth via institutional deterioration in the longer term (1970-2010), but recently (1995-2012) there is a reversal of this adverse effect on some institutions. Moreover, certain institutions matter more for growth, including governance and constraints on the executive relative to democracy.
AB - This paper examines the effect of natural resource dependence on growth in a cross-country setting during 1970 to 2010, first accounting for the effect of resource export dependence on institutional development. We employ several political and governance indicators, numerous econometric techniques on two separate panels, including one post-cold war. Our findings suggest there is a resource curse adversely effecting growth via institutional deterioration in the longer term (1970-2010), but recently (1995-2012) there is a reversal of this adverse effect on some institutions. Moreover, certain institutions matter more for growth, including governance and constraints on the executive relative to democracy.
M3 - Working paper
T3 - ISS working papers. General series
BT - Revisiting the role of the resource curse in shaping institutions and growth
PB - International Institute of Social Studies (ISS)
CY - The Hague
ER -
