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Institutional differences across resource-based economies

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  • Utku Teksoz
  • Katerina Kalcheva

Abstract

To predict economic success and failure, academics and policymakers alike are interested in the differences in institutional structures across natural resource-based economies. This paper uses a political economy framework to examine the effect of institutional variables on per capita Gross-Domestic-Product in resource-rich economies. After controlling for institutions, natural resource rents cease to have a negative impact on long-term growth.

Suggested Citation

  • Utku Teksoz & Katerina Kalcheva, 2016. "Institutional differences across resource-based economies," WIDER Working Paper Series wp-2016-63, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2016-63
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2016-63.pdf
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    References listed on IDEAS

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