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 …

resource-rich sub-Saharan African (SSA) countries, where public capital is very low to support the needed economic growth. In … in SSA and that this tends to depend on the quality of political institutions. We also find evidence of a positive effect … of public investment on economic growth, which also depends on the level of resource rents. Using some of the components …

premised on the understanding that institutions matter for development. However, there is no straightforward answer to the … question of what exactly 'institutions' are, how they change, or how they can be made to change to become more supportive of an …

trade more. Second, democracy implies higher quality governance either through institutions or policy-making procedures. I …Scholars and policy makers believe that democracy will bring prosperity through integration into the global economy via …, importers and exporters. I find the theory that democracy, and many of its components, promotes international trade unconvincing …

context, economic growth and structural change, wellbeing of people, markets and governments, economic openness, and … institutions and policies - to serve as a teaser. It concludes with some brief reflections on Asia's future prospects over the next …

several country-specific characteristics, including the quality of institutions. …