Adani, Riccardo Marchi; Ricciuti, Roberto - In: Economics Bulletin 34 (2014) 3, pp. 1905-1916
We investigate the resource curse phenomenon using the African Governance Index that ranks African countries according to their governance quality. First, we allow countries to endogenously select in good- and bad-governance groups. Secondly, using an Arellano-Bond dynamic panel-data estimation,...