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Persistent link: https://www.econbiz.de/10011915766
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We hypothesize that natural resources raise income inequality in ethnically polarized societies, but reduce income inequality in ethnically homogenous societies; and we present empirical evidence in support of this hypothesis.
Persistent link: https://www.econbiz.de/10008670340
institutions. Our game-theoretic model predicts that resource rents lead to an increase in corruption if the quality of the … democratic institutions is relatively poor, but not otherwise. We use panel data covering the period 1980 to 2004 and 124 … depends on the quality of the democratic institutions. Our main results hold when we control for the effects of income, time …
Persistent link: https://www.econbiz.de/10008670368
resource revenues when political institutions are poor, but high otherwise. As poor contract enforcement leads to low financial … development, the model predicts that resource revenues hinder financial development in countries with poor political institutions …, but not in countries with comparatively better political institutions. We test our theoretical predictions systematically …
Persistent link: https://www.econbiz.de/10009226343
We hypothesize that natural resource revenues may deteriorate contract enforcement if political institutions are weak … countries with poor political institutions, but not in countries with comparatively better political institutions. We provide … financial development and political institutions. …
Persistent link: https://www.econbiz.de/10010744201
resource revenues when political institutions are poor, but high otherwise.  As poor contract enforcement leads to low … institutions, but not in countries with comparatively better political institutions.  We test our theoretical predictions … development and political institutions, as well as across different samples and data frequencies.  We present further evidence …
Persistent link: https://www.econbiz.de/10011004201
resource revenues when political institutions are poor, but high otherwise. As poor contract enforcement leads to low financial … development, the model predicts that resource revenues hinder financial development in countries with poor political institutions …, but not in countries with comparatively better political institutions. We test our theoretical predictions systematically …
Persistent link: https://www.econbiz.de/10009642744
resource revenues when political institutions are poor, but high otherwise. As poor contract enforcement leads to low financial … development, the model predicts that resource revenues hinder financial development in countries with poor political institutions …, but not in countries with comparatively better political institutions. We test our theoretic predictions systematically …
Persistent link: https://www.econbiz.de/10008783580
resource revenues when political institutions are poor, but high otherwise. As poor contract enforcement leads to low financial … development, the model predicts that resource revenues hinder financial development in countries with poor political institutions …, but not in countries with comparatively better political institutions. We test our theoretical predictions systematically …
Persistent link: https://www.econbiz.de/10010305649