compared to the rest of the world. We focus on the role of the quality of informal institutions as measured by the World Value … Survey (WVS) and formal institutions as measured by the International Country Risk Guide (ICRG) and the World Governance … quality of institutions. The resulting specification is estimated on a sample of 74 developed and developing countries over …

This chapter discusses whether the Middle East and North African (MENA) countries are prone to be cursed or blessed by … transmission channels are presented. Finally, we present to what extent MENA countries are affected by the curse, drawing on … existing literature as well as empirical data. The (scarce) literature shows that a resource curse may be underway in MENA …

stronger institutions are crucial for MENA's overall financial stability vis-à-vis reduction in the risk of default in the …Resource abundance characterizes economies within the MENA region from North Africa to the Middle East. As such, to …