Natural resources and sub-national economic performance: Does sub-national democracy matter?

Alexander Libman

Energy Economics, 2013, vol. 37, issue C, 82-99

Abstract: The differentiation in the impact of resources on economic growth is often explained by the specifics of institutional factors. The aim of this paper is to investigate how sub-national political differences influence the effect of natural resources on economic growth. Using a dataset of Russian regions, this paper demonstrates that sub-national democratization influences the growth effects of resources and considers possible mechanisms for this influence. The paper finds that in Russia, natural resources are only capable of promoting growth in the regions with non-democratic political systems that, at the same time, have an efficient and non-corrupt bureaucracy.

Keywords: Oil and gas; Sub-national political regimes; Conditional growth effect of resources; Democracy; Russian regions (search for similar items in EconPapers)
JEL-codes: O13 P28 Q48 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (43)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:37:y:2013:i:c:p:82-99

DOI: 10.1016/j.eneco.2013.02.003

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