Kolstad, Ivar; Søreide, Tina - In: Resources Policy 34 (2009) 4, pp. 214-226
Corruption is the main reason why resource-rich countries perform badly in economic terms. Corruption in resource-rich countries takes two main forms, rent-seeking and patronage. Resource rents induce rent-seeking as individuals compete for a share of the rents rather than use their time and...