Bhattacharyya, Sambit; Hodler, Roland - Oxford Centre for the Analysis of Resource-Rich … - 2008
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 …