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Entrepreneurship and natural resource rent-seeking: The roles of institutional quality

Author

Listed:
  • Nguyen Phuc Canh

    (University of Economics Ho Chi Minh City)

  • Sangho Kim

    (College of International Management, Ritsumeikan Asia Pacific University)

  • Su Dinh Thanh

    (School of Public Finance, University of Economics Ho Chi Minh City)

Abstract

To examine the influence of institutional quality and entrepreneurship density on natural resource rents, we apply the two-step system GMM to a global sample of 60 economies over the period 2006–2016. Our results show that (i) an increase in entrepreneurship density increases total natural resource rents; (ii) an improvement in institutional quality reduces total natural resource rents; (iii) improvement in institutional quality reduces the rent-seeking activities by entrepreneurs. We can confirm these results by a series of robustness checks. Our study calls for concerted efforts toward institutional reforms to promote sustainable development of natural resources.

Suggested Citation

  • Nguyen Phuc Canh & Sangho Kim & Su Dinh Thanh, 2020. "Entrepreneurship and natural resource rent-seeking: The roles of institutional quality," Economics Bulletin, AccessEcon, vol. 40(2), pages 1159-1177.
    • Handle: RePEc:ebl:ecbull:eb-20-00150
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    File URL: http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I2-P100.pdf
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    Cited by:

    1. Nchofoung, Tii N. & Achuo, Elvis Dze & Asongu, Simplice A., 2021. "Resource rents and inclusive human development in developing countries," Resources Policy, Elsevier, vol. 74(C).

    More about this item

    Keywords

    Entrepreneurship; Natural Resources; Rent Seeking; Institution; Panel data;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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