Natural resources, democracy and corruption [electronic resource] / Sambit Bhattacharyya & Roland Hodler
- Bib ID:
- 5713777
- Format:
- Book
- Author:
- Bhattacharyya, Sambit
- Online Access:
- Archived at NLA
- Related Online Resources:
- Publisher site
- Description:
- Melbourne : Dept. of Economics, University of Melbourne, 2008
- ISBN:
- 9780734040138
- Series:
-
- PANDORA electronic collection.
- Research paper (University of Melbourne. Dept. of Economics : Online) ; no. 1047.
- Technical Details:
-
- Mode of access: Internet via World Wide Web. Address as at 19/09/2011: http://www.economics.unimelb.edu.au/research/workingPapers.html.
- System requirements: Adobe Acrobat reader to access the document in PDF format.
- Summary:
-
We study how natural resources can feed corruption and how this effect depends on the quality of the democratic institutions. Our game-theoretic model predicts that natural resources lead to an increase in corruption if the quality of the democratic institutions is relatively poor, but not otherwise. We use panel data covering the period 1980 to 2004 and 99 countries to test this theoretical prediction. Our estimates confirm that the relationship between resource abundance and corruption depends on the quality of the democratic institutions. In particular, resource abundance is positively associated with corruption only in countries that have endured a nondemocratic regime for more than 60 percent of the years since 1956. Our main results hold when we control for the effects of income, time varying common shocks, regional fixed effects and various additional covariates. They are also robust to various alternative measures of natural resources, corruption and the quality of the democratic institutions. These findings imply that democratization can be a powerful tool to reduce corruption in resource-rich countries.
- Notes:
-
- "August 2008".
- Title from title screen (viewed on 19 Sept. 2011)
- Includes bibliographical references (p. 24-27)
- Text and graphics.
- Selected for archiving
- Subject:
- Other authors/contributors:
- Copyright:
-
In Copyright
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Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 2008
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