There is a broad agreement that political and economic institutions matter for long-term development. Yet relatively … little is known as to how to adopt good quality institutions and reform weak or poor institutions, for which one needs to … know how institutions change. This paper provides a systematic econometric investigation of long-run patterns of …

natural resources rents may reduce incentives to invest in fiscal capacity. However, political institutions that limit rulers … mainly through institutions that make the tax system accountable and transparent. Thus it is possible to develop both fiscal …

effects of the natural resources sector is the type of states and political institutions that resourceabundant economies …

We argue that tax revenues and political institutions placing constraints on the executive power may reinforce each … inclusive and accountable institutions may work in synergy with that of generating internal resources to finance development …