The resource curse: which institutions matter?

Resource type
Authors/contributors
Title
The resource curse: which institutions matter?
Abstract
Two types of models are dominant in the current resource curse literature. One type of model studies the selection of entrepreneurs into rent-seeking versus productive activities. The other type analyses the use of patronage by politicians seeking re-election. The policy implications of the two models are quite different. The first model suggests that institutions governing the private sector ought to be improved. The second model suggests that institutions governing the public sector should be emphasized. This article empirically tests the impact of the private versus public sector institutions on the resource curse, using cross-country data from Sachs and Warner (1997a) and Polity IV. The main result is that only improved private sector institutions ameliorate the resource curse.
Report Number
2
Report Type
Working Paper
Place
Bergen
Institution
Chr. Michelsen Institute
Date
2007
Language
en
Short Title
The resource curse
Accessed
2023-03-15
Library Catalogue
Open WorldCat
Extra
OCLC: 191689446
Citation
Kolstad, I., & Chr. Michelsens institutt. (2007). The resource curse: which institutions matter? (Working Paper No. 2). Chr. Michelsen Institute. https://www.cmi.no/publications/2678-the-resource-curse-which-institutions-matter
Language / Linguagem