Many scholars see corruption as the main reason behind the poor development performance of many resource-rich economies … public revenues. Resource windfalls can crowd out tax revenues and pave the way for corruption within public sector. A …

resource-rich countries, the decision of host governments to expropriate these investments, and the level of corruption. Higher … production. Moreover, resource production leads to high levels of corruption. Our theoretical results are confirmed by … estimations of a simultaneous equation model for 50 resource-rich countries in which we endogenize expropriation risk, corruption …