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Entrepreneurship and natural resource rent-seeking: The roles of institutional quality

Canh Nguyen (), Sangho Kim () and Thanh Su
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Sangho Kim: College of International Management, Ritsumeikan Asia Pacific University

Economics Bulletin, 2020, vol. 40, issue 2, 1159-1177

Abstract: To examine the influence of institutional quality and entrepreneurship density on natural resource rents, we apply the two-step system GMM to a global sample of 60 economies over the period 2006–2016. Our results show that (i) an increase in entrepreneurship density increases total natural resource rents; (ii) an improvement in institutional quality reduces total natural resource rents; (iii) improvement in institutional quality reduces the rent-seeking activities by entrepreneurs. We can confirm these results by a series of robustness checks. Our study calls for concerted efforts toward institutional reforms to promote sustainable development of natural resources.

Keywords: Entrepreneurship; Natural Resources; Rent Seeking; Institution; Panel data (search for similar items in EconPapers)
JEL-codes: D7 L2 (search for similar items in EconPapers)
Date: 2020-05-06
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