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Unbundling the Resource Curse
Stockholm University, Faculty of Social Sciences, Department of Economics.
(English)Manuscript (preprint) (Other academic)
Abstract [en]

This paper decomposes the resource curse and its potential reversal

in three important dimensions; type of resource, type of institutional

measure, and time. Studying components of primary exports we find

that the curse is (to various degrees) present for all components but

that its possible reversal is mainly driven by the interaction between

institutions and ores and metals. With respect to institutional measures

results are similar for outcome based measures and more durable

rules. Changing sample starting dates gives qualitatively similar results,

despite the fact that there is great variability in the importance

of resources over time. Finally, we address the issue of institutions

being determined by our resource measures and conclude that some

resources certainly seem to influence institutional development, but

that this is unlikely to drive our results. Our results also hold when

instrumenting institutional quality.

Keyword [en]
Natural Resources, Resource Curse, Property Rights, Institutions, Economic Growth, Development
URN: urn:nbn:se:su:diva-53727OAI: diva2:391198
Available from: 2011-01-24 Created: 2011-01-24 Last updated: 2011-07-01Bibliographically approved

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Boschini, Anne
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