Does Institution Explain Natural Resource Curse?

Joseph Pelzman, Oskenbayev Yessengali () and Murat Issabayev
Additional contact information
Oskenbayev Yessengali: Narxoz University, Almaty, Kazakhstan

Global Economy Journal, 2018, vol. 18, issue 4, 9

Abstract: In this paper we study the natural resource curse by analyzing the cross-regional sample from Kazakhstan. Our focus is to understand if the institutional quality within the country explains the resource curse. Using the data for 14 regions in Kazakhstan between 2000 and 2010 and employing various panel data approaches, we find that the institutional quality is not a determinant of the resource curse as institution changes very slowly within the country over time. This statement surely contradicts with previous resource curse literatures that utilized cross-country sample counting the fact that institutions vary across countries. Instead here, we argue that the resource curse within the country arises as a result of commodity price volatility.

Keywords: energy production; Kazakhstan; institution; commodity price volatility; resource curse (search for similar items in EconPapers)
JEL-codes: E02 Q17 Q18 Q27 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://doi.org/10.1515/gej-2018-0057 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
Journal Article: Does Institution Explain Natural Resource Curse? (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:glecon:v:18:y:2018:i:4:p:9:n:3

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/gej/html

DOI: 10.1515/gej-2018-0057

Access Statistics for this article

Global Economy Journal is currently edited by Jannett Highfill

More articles in Global Economy Journal from De Gruyter
Bibliographic data for series maintained by Peter Golla ().