We investigate the resource curse phenomenon using the African Governance Index that ranks African countries according to their governance quality. First, we allow countries to endogenously select in good- and bad-governance groups. Secondly, using an Arellano-Bond dynamic panel-data estimation, we analyze the effect on bad-governance countries of the endowment taking into account (i) that institutional quality today depends on institutional quality in recent years and (ii) that the resource endowment today will produce a lagged effect on institutional quality. Our findings confirm the existence of the resource curse problem.
The resource curse, rule of law and accountability in African countries: a dynamic panel analys
Ricciuti, Roberto
2014-01-01
Abstract
We investigate the resource curse phenomenon using the African Governance Index that ranks African countries according to their governance quality. First, we allow countries to endogenously select in good- and bad-governance groups. Secondly, using an Arellano-Bond dynamic panel-data estimation, we analyze the effect on bad-governance countries of the endowment taking into account (i) that institutional quality today depends on institutional quality in recent years and (ii) that the resource endowment today will produce a lagged effect on institutional quality. Our findings confirm the existence of the resource curse problem.File | Dimensione | Formato | |
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