Institutional differences across resource-based economies

Utku Teksoz and Katerina Kalcheva

No wp-2016-63, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: To predict economic success and failure, academics and policymakers alike are interested in the differences in institutional structures across natural resource-based economies. This paper uses a political economy framework to examine the effect of institutional variables on per capita Gross-Domestic-Product in resource-rich economies. After controlling for institutions, natural resource rents cease to have a negative impact on long-term growth.

Keywords: Economic growth; Economics; Political science; Right of property (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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