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Economics of the Resource Curse

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  • S. GURIEV
  • K. SONIN.

Abstract

The paper surveys economic and political science literature on resource curse, with a primary focus on the role of institutions. These studies show that resource abundance leads now not so much to macroeconomic risks of Dutch disease as to possible deterioration of the quality of government and political institutions. In particular, cross-country evidence on the impact of rising oil prices on media freedom and quality of corporate governance is discussed.

Suggested Citation

  • S. Guriev & K. Sonin., 2008. "Economics of the Resource Curse," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
  • Handle: RePEc:nos:voprec:2008-04-4
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    Cited by:

    1. repec:hig:wpaper:2/ps/2014 is not listed on IDEAS
    2. repec:eee:rujoec:v:1:y:2015:i:3:p:257-272 is not listed on IDEAS
    3. Mishura, A., 2010. "Resource Dependence and Quality of Institutes in Russian Regions," Journal of the New Economic Association, New Economic Association, issue 6, pages 82-96.
    4. Idrisov, Georgiy & Kazakova, Maria & Polbin, Andrey, 2014. "The theoretical interpretation of the effect of oil prices on economic growth in modern Russia," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, October.
    5. Knobel, Alexander, 2013. "The risks of fiscal policy in countries rich in natural resources," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 29-38, October.
    6. Irina Ilina, 2013. "Outlook toward the future development of primary producer regions of Russia as expressed in the documents of strategic planning," Public administration issues, Higher School of Economics, issue 2, pages 83-102.
    7. Andrei Polbin & Sergey Drobyshevsky, 2014. "Developing a Dynamic Stochastic Model of General Equilibrium for the Russian Economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 166P, pages 156-156.

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