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corruption. We argue that an anticipated oil boom may increase corruption by boosting the value attributed by an elite to being …-designed household surveys on perceived corruption in the public services/sector. These were carried out in São Tomé and Príncipe and in … corruption has occurred in São Tomé and Príncipe in recent years, ranging from 21 to 38% of the subjective scale. Consistently …
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The resource curse literature's main lesson is that developing and natural resource-rich countries should save most of their oil windfalls in foreign currency. Moreover, the political cycle literature's recent contributions predict stronger cycles in these countries. This paper investigates how...
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