The resource curse, rule of law and accountability in African countries: a dynamic panel analys

Riccardo Marchi Adani () and Roberto Ricciuti
Additional contact information
Riccardo Marchi Adani: University of Verona

Economics Bulletin, 2014, vol. 34, issue 3, 1905-1916

Abstract: We investigate the resource curse phenomenon using the African Governance Index that ranks African countries according to their governance quality. First, we allow countries to endogenously select in good- and bad-governance groups. Secondly, using an Arellano-Bond dynamic panel-data estimation, we analyze the effect on bad-governance countries of the endowment taking into account (i) that institutional quality today depends on institutional quality in recent years and (ii) that the resource endowment today will produce a lagged effect on institutional quality. Our findings confirm the existence of the resource curse problem.

Keywords: Resource curse; African economies; governance indicators; rule of law. (search for similar items in EconPapers)
JEL-codes: O1 Q3 (search for similar items in EconPapers)
Date: 2014-08-25
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.accessecon.com/Pubs/EB/2014/Volume34/EB-14-V34-I3-P175.pdf (application/pdf)

Related works:
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:ebl:ecbull:eb-13-00725

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().