Natural resources, governance and institutional quality: The role of resource funds

Stella Tsani

Resources Policy, 2013, vol. 38, issue 2, 181-195

Abstract: This paper investigates the relationship between resource funds, governance and institutional quality in resource-rich countries. The study is motivated by the relatively recent and inconclusive debate on resource funds and on their role in the addressing of the “resource curse”. The estimation results suggest that resource funds may be associated with governance and institutional quality improvements. The analysis complements the debate on the tools of addressing the “resource curse” and on the determinants of governance and institutional quality. The findings remain important for their policy implications. The estimation results suggest that resource funds may prove useful tools in the hands of the policy makers in the attempt to address governance and institutional quality deterioration induced by resource abundance.

Keywords: Natural resources; Resource funds; Governance; Institutions (search for similar items in EconPapers)
JEL-codes: O43 Q32 Q38 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (49)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:38:y:2013:i:2:p:181-195

DOI: 10.1016/j.resourpol.2012.11.001

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