The resource curse revisited: Governance and natural resources

Matthias Busse and Steffen Gröning
Authors registered in the RePEc Author Service: Steffen H. Groening

No 106, HWWI Research Papers from Hamburg Institute of International Economics (HWWI)

Abstract: The paper analyses the impact of natural resource abundance on selected governance indicators. In contrast to earlier studies that are mainly confined to cross-sectional analysis, we use a panel data set with a large number of countries and an extended period of time. Moreover, we employ an instrumental variable technique to account for endogeneity. The results show that exports of natural resources have, above all, led to an increase in corruption. This result is robust to both different model specifications and an alternative indicator for natural resource abundance. For other governance indicators, such as law and order and bureaucratic quality, we either find no results or results that lack robustness.

Keywords: Natural Resources; Resource Curse; Corruption; Governance (search for similar items in EconPapers)
JEL-codes: F10 O13 Q32 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Related works:
Journal Article: The resource curse revisited: governance and natural resources (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:hwwirp:106

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