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...

This paper uses the index published in Economic Freedom of North America (Karabegović and McMahon, 2008) to examine the impact of the relationship between resource dependence and institutional quality on economic development in US states. A vast amount of literature supports the existence of a...