Do natural resources help or hinder development? Resource abundance, dependence, and the role of institutions
Abstract
The resource curse literature presents conflicting evidence on the relationship between natural resources and development. We evaluate the direct effect of resources on developmental outcomes vis-à-vis their indirect effect through the weakening of political institutions using a 3SLS instrumental variable setup that simultaneously estimates development outcomes and institutions. We find that resource abundance and resource dependence affect...
Paper Details
Title
Do natural resources help or hinder development? Resource abundance, dependence, and the role of institutions
Published Date
Aug 1, 2020
Volume
61
Pages
101183 - 101183
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