The main focus of this paper is the impact of efficiency losses, related to public capital stock, on the prospects of economic growth in democratic and autocratic political environments. We introduce a distinction between two types of efficiency loss: along with the loss of public capital during...

This paper introduces an empirical growth model that explains the observed perplexing growth-resource regime, dubbed the resource curse. The main hypothesis introduced here, the rentier predatory state hypothesis, holds that under autocracy, the interaction between political power and resource...