Template-Type: ReDIF-Paper 1.0
Author-Name: Murshed, S.M.
Author-Name-Last: Murshed
Author-Name-First: Syed
Author-Name: Badiuzzaman, M.
Author-Name-Last: Badiuzzaman
Author-Name-First: Muhammad
Author-Name: Pulok, M.H.
Author-Name-Last: Pulok
Author-Name-First: Mohammad Habibullah
Title: Revisiting the role of the resource curse in shaping institutions and growth
Abstract: This paper examines the effect of natural resource dependence on growth in a cross-country setting during 1970 to 2010, first accounting for the effect of resource export dependence on institutional development. We employ several political and governance indicators, numerous econometric techniques on two separate panels, including one post-cold war. Our findings suggest there is a resource curse adversely effecting growth via institutional deterioration in the longer term (1970-2010), but recently (1995-2012) there is a reversal of this adverse effect on some institutions. Moreover, certain institutions matter more for growth, including governance and constraints on the executive relative to democracy.
Length: 32
Creation-Date: 2015-02-27
File-URL: https://repub.eur.nl/pub/77766/wp605.pdf
File-Format: application/pdf
Series: RePEc:ems:euriss
Number: 605
Classification-JEL: O13, O40, Q33
Keywords: resource dependence, growth, institutions
Handle: RePEc:ems:euriss:77766