Natural Resources and Reforms

The authors use a sample of 133 countries to investigate the link between the abundance of natural resources and micro-economic reforms. Previous studies suggest that natural resource abundance gives rise to governments that are less accountable to...

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Main Authors:	Amin, Mohammad, Djankov, Simeon
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ABSOLUTE VALUE ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE ANNUAL BANKRUPTCY BARRIER BUSINESS CLIMATE BUSINESS ENVIRONMENT BUSINESS REGULATIONS BUSINESSES CIVIL WAR CIVIL WARS CONTRACT ENFORCEMENT CROSS-COUNTRY DIFFERENCES DEMOCRACIES DEMOCRACY DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DEVELOPMENT STRATEGIES DIFFERENCES IN INCOME ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LIBERALIZATION ECONOMIC LITERATURE ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC REVIEW EDUCATION LEVEL EMPIRICAL RESULTS ESP ESTIMATED COEFFICIENT ESTIMATED COEFFICIENTS ESTIMATION METHOD EXPLANATORY VARIABLE EXPLANATORY VARIABLES EXPORTS EXTERNAL SHOCKS FIXED EFFECTS FOREIGN AID GDP GDP PER CAPITA GNP GOVERNANCE INDICATORS GOVERNMENT CONTRACTS GROWTH COLLAPSE GROWTH RATE GROWTH RATES INCOME LEVELS INDUSTRIAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INTERNATIONAL TRADE LABOR MARKETS LAGGED VALUES LEGAL SYSTEM LICENSE LICENSES LINEAR REGRESSION MEAN VALUE MINORITY SHAREHOLDERS NATURAL RESOURCE NATURAL RESOURCE ABUNDANCE NATURAL RESOURCES NEGATIVE CORRELATION NEGATIVE EFFECT NEGATIVE LINK NEGATIVE RELATIONSHIP OPEN ECONOMY PER CAPITA GROWTH PER CAPITA GROWTH RATE PER CAPITA INCOME POLICY REFORM POLICY REFORMS POLICY RESEARCH POLITICAL ECONOMY POLITICAL INSTITUTIONS POLITICAL SCIENCE POLITICAL SYSTEMS PRIVATE INVESTMENT PRIVATE PROPERTY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PROPERTY RIGHTS REGRESSION RESULTS RENT SEEKING RESOURCE ENDOWMENTS RESULT RESULTS RICH COUNTRIES SHAREHOLDER SHAREHOLDER RIGHTS SOCIAL CAPITAL SOCIAL CONFLICT STANDARD DEVIATION TAXATION TIME PERIOD TRADE POLICY WAGES WEALTH WEB WORLD DEVELOPMENT INDICATORS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090330092400 http://hdl.handle.net/10986/4077

id	okr-10986-4077
recordtype	oai_dc
spelling	okr-10986-40772021-04-23T14:02:15Z Natural Resources and Reforms Amin, Mohammad Djankov, Simeon ABSOLUTE VALUE ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE ANNUAL BANKRUPTCY BARRIER BUSINESS CLIMATE BUSINESS ENVIRONMENT BUSINESS REGULATIONS BUSINESSES CIVIL WAR CIVIL WARS CONTRACT ENFORCEMENT CROSS-COUNTRY DIFFERENCES DEMOCRACIES DEMOCRACY DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DEVELOPMENT STRATEGIES DIFFERENCES IN INCOME ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LIBERALIZATION ECONOMIC LITERATURE ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC REVIEW EDUCATION LEVEL EMPIRICAL RESULTS ESP ESTIMATED COEFFICIENT ESTIMATED COEFFICIENTS ESTIMATION METHOD EXPLANATORY VARIABLE EXPLANATORY VARIABLES EXPORTS EXTERNAL SHOCKS FIXED EFFECTS FOREIGN AID GDP GDP PER CAPITA GNP GOVERNANCE INDICATORS GOVERNMENT CONTRACTS GROWTH COLLAPSE GROWTH RATE GROWTH RATES INCOME LEVELS INDUSTRIAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INTERNATIONAL TRADE LABOR MARKETS LAGGED VALUES LEGAL SYSTEM LICENSE LICENSES LINEAR REGRESSION MEAN VALUE MINORITY SHAREHOLDERS NATURAL RESOURCE NATURAL RESOURCE ABUNDANCE NATURAL RESOURCES NEGATIVE CORRELATION NEGATIVE EFFECT NEGATIVE LINK NEGATIVE RELATIONSHIP OPEN ECONOMY PER CAPITA GROWTH PER CAPITA GROWTH RATE PER CAPITA INCOME POLICY REFORM POLICY REFORMS POLICY RESEARCH POLITICAL ECONOMY POLITICAL INSTITUTIONS POLITICAL SCIENCE POLITICAL SYSTEMS PRIVATE INVESTMENT PRIVATE PROPERTY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PROPERTY RIGHTS REGRESSION RESULTS RENT SEEKING RESOURCE ENDOWMENTS RESULT RESULTS RICH COUNTRIES SHAREHOLDER SHAREHOLDER RIGHTS SOCIAL CAPITAL SOCIAL CONFLICT STANDARD DEVIATION TAXATION TIME PERIOD TRADE POLICY WAGES WEALTH WEB WORLD DEVELOPMENT INDICATORS The authors use a sample of 133 countries to investigate the link between the abundance of natural resources and micro-economic reforms. Previous studies suggest that natural resource abundance gives rise to governments that are less accountable to the public and states that are oligarchic, and that it leads to the erosion of social capital. These factors are likely to hamper economic reforms. The authors test this hypothesis using data on micro-economic reforms from the World Bank's Doing Business database. The results provide a robust support for the "resource curse" view: a move from the 75th percentile to the 25th percentile on resource abundance equals 10.9 percentage points more reform. This is a large effect given that the mean probability of reform in the sample is 57.1 percent. 2012-03-19T19:09:36Z 2012-03-19T19:09:36Z 2009-03-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090330092400 http://hdl.handle.net/10986/4077 English Policy Research working paper ; no. WPS 4882 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ABSOLUTE VALUE ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE ANNUAL BANKRUPTCY BARRIER BUSINESS CLIMATE BUSINESS ENVIRONMENT BUSINESS REGULATIONS BUSINESSES CIVIL WAR CIVIL WARS CONTRACT ENFORCEMENT CROSS-COUNTRY DIFFERENCES DEMOCRACIES DEMOCRACY DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DEVELOPMENT STRATEGIES DIFFERENCES IN INCOME ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LIBERALIZATION ECONOMIC LITERATURE ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC REVIEW EDUCATION LEVEL EMPIRICAL RESULTS ESP ESTIMATED COEFFICIENT ESTIMATED COEFFICIENTS ESTIMATION METHOD EXPLANATORY VARIABLE EXPLANATORY VARIABLES EXPORTS EXTERNAL SHOCKS FIXED EFFECTS FOREIGN AID GDP GDP PER CAPITA GNP GOVERNANCE INDICATORS GOVERNMENT CONTRACTS GROWTH COLLAPSE GROWTH RATE GROWTH RATES INCOME LEVELS INDUSTRIAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INTERNATIONAL TRADE LABOR MARKETS LAGGED VALUES LEGAL SYSTEM LICENSE LICENSES LINEAR REGRESSION MEAN VALUE MINORITY SHAREHOLDERS NATURAL RESOURCE NATURAL RESOURCE ABUNDANCE NATURAL RESOURCES NEGATIVE CORRELATION NEGATIVE EFFECT NEGATIVE LINK NEGATIVE RELATIONSHIP OPEN ECONOMY PER CAPITA GROWTH PER CAPITA GROWTH RATE PER CAPITA INCOME POLICY REFORM POLICY REFORMS POLICY RESEARCH POLITICAL ECONOMY POLITICAL INSTITUTIONS POLITICAL SCIENCE POLITICAL SYSTEMS PRIVATE INVESTMENT PRIVATE PROPERTY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PROPERTY RIGHTS REGRESSION RESULTS RENT SEEKING RESOURCE ENDOWMENTS RESULT RESULTS RICH COUNTRIES SHAREHOLDER SHAREHOLDER RIGHTS SOCIAL CAPITAL SOCIAL CONFLICT STANDARD DEVIATION TAXATION TIME PERIOD TRADE POLICY WAGES WEALTH WEB WORLD DEVELOPMENT INDICATORS
spellingShingle	ABSOLUTE VALUE ANNUAL GROWTH ANNUAL GROWTH RATE AVERAGE ANNUAL BANKRUPTCY BARRIER BUSINESS CLIMATE BUSINESS ENVIRONMENT BUSINESS REGULATIONS BUSINESSES CIVIL WAR CIVIL WARS CONTRACT ENFORCEMENT CROSS-COUNTRY DIFFERENCES DEMOCRACIES DEMOCRACY DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DEVELOPMENT STRATEGIES DIFFERENCES IN INCOME ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LIBERALIZATION ECONOMIC LITERATURE ECONOMIC PERFORMANCE ECONOMIC POLICY ECONOMIC REFORMS ECONOMIC REVIEW EDUCATION LEVEL EMPIRICAL RESULTS ESP ESTIMATED COEFFICIENT ESTIMATED COEFFICIENTS ESTIMATION METHOD EXPLANATORY VARIABLE EXPLANATORY VARIABLES EXPORTS EXTERNAL SHOCKS FIXED EFFECTS FOREIGN AID GDP GDP PER CAPITA GNP GOVERNANCE INDICATORS GOVERNMENT CONTRACTS GROWTH COLLAPSE GROWTH RATE GROWTH RATES INCOME LEVELS INDUSTRIAL DEVELOPMENT INSTITUTIONAL ENVIRONMENT INTERNATIONAL TRADE LABOR MARKETS LAGGED VALUES LEGAL SYSTEM LICENSE LICENSES LINEAR REGRESSION MEAN VALUE MINORITY SHAREHOLDERS NATURAL RESOURCE NATURAL RESOURCE ABUNDANCE NATURAL RESOURCES NEGATIVE CORRELATION NEGATIVE EFFECT NEGATIVE LINK NEGATIVE RELATIONSHIP OPEN ECONOMY PER CAPITA GROWTH PER CAPITA GROWTH RATE PER CAPITA INCOME POLICY REFORM POLICY REFORMS POLICY RESEARCH POLITICAL ECONOMY POLITICAL INSTITUTIONS POLITICAL SCIENCE POLITICAL SYSTEMS PRIVATE INVESTMENT PRIVATE PROPERTY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PROPERTY RIGHTS REGRESSION RESULTS RENT SEEKING RESOURCE ENDOWMENTS RESULT RESULTS RICH COUNTRIES SHAREHOLDER SHAREHOLDER RIGHTS SOCIAL CAPITAL SOCIAL CONFLICT STANDARD DEVIATION TAXATION TIME PERIOD TRADE POLICY WAGES WEALTH WEB WORLD DEVELOPMENT INDICATORS Amin, Mohammad Djankov, Simeon Natural Resources and Reforms
geographic_facet	The World Region The World Region
relation	Policy Research working paper ; no. WPS 4882
description	The authors use a sample of 133 countries to investigate the link between the abundance of natural resources and micro-economic reforms. Previous studies suggest that natural resource abundance gives rise to governments that are less accountable to the public and states that are oligarchic, and that it leads to the erosion of social capital. These factors are likely to hamper economic reforms. The authors test this hypothesis using data on micro-economic reforms from the World Bank's Doing Business database. The results provide a robust support for the "resource curse" view: a move from the 75th percentile to the 25th percentile on resource abundance equals 10.9 percentage points more reform. This is a large effect given that the mean probability of reform in the sample is 57.1 percent.
format	Publications & Research :: Policy Research Working Paper
author	Amin, Mohammad Djankov, Simeon
author_facet	Amin, Mohammad Djankov, Simeon
author_sort	Amin, Mohammad
title	Natural Resources and Reforms
title_short	Natural Resources and Reforms
title_full	Natural Resources and Reforms
title_fullStr	Natural Resources and Reforms
title_full_unstemmed	Natural Resources and Reforms
title_sort	natural resources and reforms
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090330092400 http://hdl.handle.net/10986/4077
_version_	1764389814892756992

Natural Resources and Reforms

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