Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146254
Authors: 
Teksoz, Utku
Kalcheva, Katerina
Year of Publication: 
2016
Series/Report no.: 
WIDER Working Paper 2016/63
Abstract: 
To predict economic success and failure, academics and policymakers alike are interested in the differences in institutional structures across natural resource-based economies. This paper uses a political economy framework to examine the effect of institutional variables on per capita Gross-Domestic-Product in resource-rich economies. After controlling for institutions, natural resource rents cease to have a negative impact on long-term growth. Institutions in resource-based economies foster economic growth when voice and accountability are in place; broad-based rule of law is enforced with secure property rights, and control of corruption; and when government effectiveness, regulatory quality, and political stability are positively perceived.
Subjects: 
institutions
growth
political power
rents
property rights
resource-based economies
JEL: 
H1
O10
O30
O40
P16
Q33
ISBN: 
978-92-9256-106-2
Document Type: 
Working Paper

Files in This Item:
File
Size
671.98 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.