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Resource Rents, Democracy & the Eight Policy Lessons

Author

Listed:
  • David Bonilla

    (Universidad Nacional Autónoma de México, México)

  • Colin J. Axon

    (Brunel University, U.K.)

  • Justin D.K. Bishop

    (University of Cambridge, U.K.)

Abstract

Examinamos si las rentas de recursos naturales son probablemente mejor administradas bajo instituciones fuertes (o falta de estas), y de serlo así si eso contribuye al desarrollo económico de países con abundantes recursos naturales. Estimamos un modelo usando evidencia de booms (1970-2012) de recursos, rentas de recursos, capital natural, indicadores socio-económicos y de instituciones. Demostramos por un lado 1) países con capital natural y riqueza del subsuelo están asociados a una sana democracia lo que mitiga la maldición de los recursos naturales; por el otro lado 2) altos niveles de renta están negativamente asociados a la baja calidad de instituciones lo que profundiza la maldición. El crecimiento económico a largo plazo está asociado a el capital natural pero tal crecimiento esta negativamente asociado en países que registran altos percepciones de rentas. Recomendamos transparencia en: la distribución de rentas, las ventas de petróleo, distribución de licencias y la recaudación de rentas. Una limitación es la falta de información: leyes (sector energético) que produzcan el crecimiento. Explicamos el impacto de largo plazo de el cambio democrático sobre la gestión de la rentas.

Suggested Citation

  • David Bonilla & Colin J. Axon & Justin D.K. Bishop, 2020. "Resource Rents, Democracy & the Eight Policy Lessons," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 15(4), pages 599-620, Octubre -.
    • Handle: RePEc:imx:journl:v:15:y:2020:i:4:p:599-620
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    File URL: https://www.remef.org.mx/index.php/remef/article/view/556
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    Citations

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    Cited by:

    1. Krummel, Daniel & Siegfried, Patrick, 2021. "The Dark Side of Samsung’s Value Chain: The Human Costs of Cobalt Mining “BLOOD, SWEAT AND COBALT”," MPRA Paper 111405, University Library of Munich, Germany.
    2. Pham, Tien Duc & Dwyer, Larry & Su, Jen-Je & Ngo, Tramy, 2021. "COVID-19 impacts of inbound tourism on Australian economy," Annals of Tourism Research, Elsevier, vol. 88(C).
    3. Ferreira, João J. & Gomes, Sofia & Lopes, João M. & Zhang, Justin Z., 2023. "Ticking time bombs: The MENA and SSA regions' geopolitical risks," Resources Policy, Elsevier, vol. 85(PA).

    More about this item

    Keywords

    Ingresos petroleros; riqueza del subsuelo; instituciones; México; China;
    All these keywords.

    JEL classification:

    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources

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