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Title:The resource curse revisited: Governance and natural resources PDF Logo
Authors:Busse, Matthias
Gröning, Steffen
Issue Date:2011
Series/Report no.:HWWI Research paper 106
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.
Subjects:Natural Resources
Resource Curse
Corruption
Governance
JEL:F10
O13
Q32
Document Type:Working Paper
Appears in Collections:HWWI Research Papers, Hamburgisches WeltWirtschaftsInstitut

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