Advanced Search
MyIDEAS: Login

Natural Resources Wealth, Foreign Aid and Institutions

Contents:

Author Info

  • Karim Khan
Registered author(s):

    Abstract

    There is a growing literature on the implications of natural resources and foreign aid for economic development. Different stakeholders have different views regarding the usefulness of these windfall gains. To some, it would enhance investment and productivity in the economy while to others, it is a curse;it would increase rent-seeking and thereby, hamper long run sustainable economic development. This study is the continuation of this debate. The paper, combining the theory of rent-seeking with the availability ofrents, explores the implications of natural resources wealth and the receipts from foreign aid for institutions. Using the cross-country data, we have found that both of these variables have a significant negative effect on the quality of institutional framework. This would be the possible mechanism that can explain the curses of natural resources and foreign aid.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.eeri.eu/documents/jee/JEE_2012_01_01.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Economics and Econometrics Research Institute (EERI), Brussels in its journal Journal of Economics and Econometrics.

    Volume (Year): 55 (2012)
    Issue (Month): 1 ()
    Pages: 1-18

    as in new window
    Handle: RePEc:eei:journl:v:55:y:2012:i:1:p:1-18

    Contact details of provider:
    Postal: Avenue de Beaulieu, 1160 Brussels
    Phone: +322 299 3523
    Fax: +322 299 3523
    Email:
    Web page: http://www.eeri.eu/index.htm
    More information through EDIRC

    Related research

    Keywords: Institutional framework; natural resources wealth; foreign aid; sustainable economic development.;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:eei:journl:v:55:y:2012:i:1:p:1-18

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julia van Hove).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.