Are Natural Resources Cursed? An Investigation of the Dynamic Effects of Resource Dependence on Institutional Quality

This paper examines whether natural resource dependence has a negative influence on various indicators of institutional quality when controlling for the potential effects of other geographic, economic and cultural initial conditions. Analysis of a...

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Bibliographic Details
Main Authors:	De Rosa, Donato, Iootty, Mariana
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY ADVANCED ECONOMIES AGGREGATE GOVERNANCE INDICATORS AGGREGATE INDICATORS ALLOCATIVE EFFICIENCY ANTICORRUPTION ASYMMETRIC INFORMATION AUCTION AVERAGE RESPONSES BENCHMARK BOND BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS PRACTICES BUSINESS SECTOR BUSINESS SECTOR DEVELOPMENT CAPITAL INFLOWS CAUSAL EFFECT CITIZENS CIVIL SOCIETY COAL COLLECTIVE ACTION COMMERCIAL RISK RATING AGENCIES COMMODITIES COMPARATIVE ECONOMICS COMPETITION POLICIES COMPETITIVENESS CONTRACT ENFORCEMENT CORRUPTION CORRUPTION INDICATOR CORRUPTION LEVELS COUNTRY CHARACTERISTICS COUNTRY DUMMIES COUNTRY DUMMY COUNTRY FIXED EFFECTS COUNTRY REPORTS COUNTRY SPECIFIC VARIABLES CRIME DECENTRALIZATION DEMOCRACY DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS DEVELOPMENT PATHS DEVELOPMENT POLICY DIRECT INVESTMENT DOLLAR VALUE DOMAIN DOMESTIC COMPETITION DOMESTIC MARKET ECONOMETRICS ECONOMIC CONDITIONS ECONOMIC CONSEQUENCES ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC THEORY ECONOMICS ELASTICITIES ELASTICITY EMPIRICAL EVIDENCE EMPIRICAL STUDIES ENVIRONMENTAL ENVIRONMENTAL ECONOMICS EXCHANGE RATE EXPORT MARKETS EXPORTS EXPOSURE FACTORS OF PRODUCTION FINANCIAL SECTORS FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FREE PRESS GDP GDP PER CAPITA GLOBAL COMPETITIVENESS GOVERNANCE INDICATORS GOVERNMENT EFFECTIVENESS GOVERNMENT EXPENDITURE GROWTH PERFORMANCE GROWTH POLICY GROWTH POTENTIAL GROWTH RATES GROWTH THEORIES HUMAN CAPITAL HUMAN RESOURCES INCOME INCOME DISTRIBUTION INCOME LEVELS INCOMES INDUSTRIAL PRODUCTION INEQUALITY INNOVATION INNOVATION POLICY INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL ENVIRONMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL MEASURES INSTITUTIONAL QUALITY INTERNATIONAL COMPARISON INTERNATIONAL COMPETITIVENESS JUDICIAL SYSTEM JURISDICTION LAW INDEX LEGAL ORIGIN LEGAL ORIGINS LEGAL SYSTEM LIVING STANDARDS MACROECONOMIC MANAGEMENT MANUFACTURING MARKET COMPETITION MARKET ECONOMY MARKET REGULATION MEASURING GOVERNANCE METALS MONETARY ECONOMICS MONOPOLIES NATURAL RESOURCE NATURAL RESOURCES NEGATIVE EXTERNALITIES NEW TECHNOLOGIES OIL OIL PRICES OIL SECTOR OPEN ACCESS OPERATING ENVIRONMENT OUTPUT PER CAPITA INCOME POLICY FORMULATION POLICY MAKERS POLITICAL ACCOUNTABILITY POLITICAL ECONOMY POLITICAL INFLUENCE POLITICAL INSTABILITY POLITICAL POWER POLITICAL STABILITY POSITIVE EFFECTS POSITIVE EXTERNALITIES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC POLICIES PUBLIC POLICY RAPID ECONOMIC GROWTH REGRESSION ANALYSIS REGULATORS REGULATORY CAPTURE REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY OUTCOMES REGULATORY QUALITY REGULATORY REGIME REGULATORY_CAPTURE RENT SEEKING RESOURCE ALLOCATION RESOURCE MANAGEMENT RESULT RESULTS REVERSE CAUSALITY RULE OF LAW SHAREHOLDERS SMALL BUSINESS SMALL BUSINESSES SOCIAL INTERACTIONS STAGFLATION STATE CAPTURE STATISTICAL DATA TAX TAX BREAKS TAXATION TERMS OF TRADE TERRORISM THEORETICAL MODELS TRADE POLICY TRANSITION ECONOMIES TRANSMISSION TRANSPARENCY UNOBSERVED COMPONENTS MODEL VESTED INTERESTS VOLATILITY WEALTH WEB WORLD DEVELOPMENT INDICATORS WORLD TRADE WORLD TRADE ORGANIZATION WORLDWIDE GOVERNANCE INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2012/07/16558571/natural-resources-cursed-investigation-dynamic-effects-resource-dependence-institutional-quality http://hdl.handle.net/10986/11992

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http://documents.worldbank.org/curated/en/2012/07/16558571/natural-resources-cursed-investigation-dynamic-effects-resource-dependence-institutional-quality
http://hdl.handle.net/10986/11992

Are Natural Resources Cursed? An Investigation of the Dynamic Effects of Resource Dependence on Institutional Quality

Internet

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