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 …

. The indicators of institutional quality are corruption, bureaucratic quality and the rule of law. We find that reducing … corruption has a positive impact on genuine saving in interaction with resource abundance. That is, the negative effect of … resource abundance on genuine saving is reduced as corruption is reduced …