Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/120437
Authors: 
Horváth, Roman
Zeynalov, Ayaz
Year of Publication: 
2014
Series/Report no.: 
IES Working Paper 24/2014
Abstract: 
We examine the effect of natural resource exports on economic performance during the 1996-2011 period in the 15 independent countries that formerly comprised the Soviet Union. These countries were a largely homogeneous group with respect to social and institutional context; however, these countries began to demonstrate marked differences from one another with respect to these factors during the transition, which has resulted in unique cross-section and time variation. Using several panel regression models that address the endogeneity and clustering issues, our results suggest that natural resources crowd out manufacturing sector unless the quality of domestic institutions is sufficiently high.
Subjects: 
natural resource curse
institutions
manufacturing
post-Soviet countries
JEL: 
O11
O13
Q30
Document Type: 
Working Paper
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