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We empirically examine the impact of oil wealth on property rights protection for a sample of 156 countries between … 1960 and 2014. We find that higher levels of oil wealth result in weaker private property rights. This result is robust to … different instrumental-variable approaches and operationalizations of oil wealth and economic institutions. We argue that oil …
Persistent link: https://www.econbiz.de/10012220565
This study investigates the impact of natural resources on wealth inequality as a first attempt on a panel of 45 … evidence that natural resources increase wealth inequality within a linear empirical framework. These results are robust to the … use of alternative natural resources and wealth inequality measures. Additionnaly, a nonlinear analysis provides evidence …
Persistent link: https://www.econbiz.de/10012489866
Persistent link: https://www.econbiz.de/10011785267
The political resource curse is the idea that natural resources can lead to the deterioration of public policies through corruption and rent-seeking by those closest to political power. One prominent consequence is the emergence of conflict. This paper takes this theory to the data for the case...
Persistent link: https://www.econbiz.de/10011958005
This paper theoretically and empirically investigates the effect of natural resource rents on the process of economic liberalization and a potential moderating effect of the level of democracy. A simple political-economic model is developed in which the government in an autocratic country faces...
Persistent link: https://www.econbiz.de/10012543604
Urban land governance is one of the central challenges not just for urban but also more broadly for global development in times of rapid urbanisation. This paper advances a fresh perspective to look at urban land by exploring to what extent it could be characterised as a resource curse problem....
Persistent link: https://www.econbiz.de/10014131832
We discuss political economy mechanisms which can explain the resource curse, in which an increase in the size of resource rents causes a decrease in the economy's; total value added. We identify a number of channels through which resource rents will alter the incentives of a political leader....
Persistent link: https://www.econbiz.de/10013150881
This article investigates the effect of natural resources on whether ethno-political groups choose to pursue their goals with non-violent as compared to violent means, distinguishing terrorism from insurgencies. It is hypothesized that whether or not the extraction of fossil fuels sparks...
Persistent link: https://www.econbiz.de/10011286479
This study provides the first empirical investigation to test one of transmission channels of resource curse, i.e., marginalized entrepreneurship activities. Our panel data analysis of 65 countries from 2004 to 2011 shows a negative and statistically significant association between oil rents...
Persistent link: https://www.econbiz.de/10010228728
Purpose: The purpose of this study is to determine the resilience of oil intensive Romanian communities to oil price fluctuations. Design/methodology/approach: The methodology employed is based on identifying the communities with the most extensive oil extraction activities using GIS (Geographic...
Persistent link: https://www.econbiz.de/10012239837