Economics at your fingertips  

Formal models of the political resource curse

Desiree Desierto

Economics of Governance, 2018, vol. 19, issue 3, No 2, 225-259

Abstract: Abstract By surveying formal models, I demonstrate that the political resource curse is the misallocation of revenues from natural resources and other windfall gains by political agents. I show that the curse always exists if political agents are rent-seeking, since mechanisms of government accountability, e.g. electoral competition, the presence of political challengers, and even the threat of violent conflict, are inherently imperfect. However, the scope for rent-seeking becomes more limited as the competition over political power that threatens the incumbent government becomes more intense.

Keywords: Resource curse; Political rent-seeking; Misappropriation of resource revenues (search for similar items in EconPapers)
JEL-codes: D72 D73 D74 H41 O5 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/10101/PS2

DOI: 10.1007/s10101-018-0207-2

Access Statistics for this article

Economics of Governance is currently edited by Amihai Glazer and Marko Koethenbuerger

More articles in Economics of Governance from Springer
Bibliographic data for series maintained by Sonal Shukla ().

Page updated 2020-07-23
Handle: RePEc:spr:ecogov:v:19:y:2018:i:3:d:10.1007_s10101-018-0207-2