The resource curse and the role of institutions revisited

Environment Development and Sustainability, Год журнала: 2023, Номер unknown

Опубликована: Дек. 20, 2023

Abstract Many studies have shown that natural resource abundant countries with strong institutions tend to escape the curse. Institutional quality has been examined using broad indices of rule law, rate murder, share shadow economy and provision public goods. Nonetheless, we need locate specific institutional conditions under which curse manifests since some “rule law” like Nigeria Angola are generally classified as cursed. In this review, I argue managing distributing wealth through a centralised planning strategy lack binding long-term national development plan encourage government unaccountability they do not restrict policy makers against discretionary distribution windfall, rent seeking, clientelism corruption contribute poor economic growth. Also, inadequate regulations on how address potential or actual impacts extraction livelihood local people environment precipitate grievance-induced conflict.

Язык: Английский

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The impact of natural resource, information and communication technology adoption, and economic expansion on financial development in post COVID era

Resources Policy, Год журнала: 2023, Номер 89, С. 104548 - 104548

Опубликована: Дек. 23, 2023

Язык: Английский

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Environmental performance, financial development, systemic risk and economic uncertainty: What are the linkages?

Environmental and Sustainability Indicators, Год журнала: 2024, Номер 22, С. 100389 - 100389

Опубликована: Апрель 10, 2024

The paper studies the relationships among composite indicators of environmental performance, financial development, systemic risk and economic uncertainty for a balanced panel 57 countries during 2010-2020. analysis builds on local projections by Jordá (2005). In addition to whole panel, this technique also applies two sub-panels obtained via K-means clusterization conditional set performance. We underscore two-way relationship between An increase in improves quality, albeit detriment growth energy consumption, whereas ex ante higher values key performance mitigate risk. Financial development adversely affects Contrary prevailing view, effect is mostly related markets compared institutions. Economic found totally unrelated aforementioned findings generally hold after splitting into sub-panels. Overall, our results induce policymakers treat with caution certain policy recommendations aimed at improving since reducing risk, increasing as or shifting towards market-based system do not necessarily help accomplish goal.

Язык: Английский

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Role of natural resource and mineral rent on economic development: Perspective on green reforms and financial management

Resources Policy, Год журнала: 2024, Номер 95, С. 105181 - 105181

Опубликована: Июнь 24, 2024

Язык: Английский

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What role public debt plays to moderate the influence of natural resources on financial development? Appraising Resource-Curse Hypothesis in MENA Region

Resources Policy, Год журнала: 2023, Номер 86, С. 104192 - 104192

Опубликована: Сен. 25, 2023

Язык: Английский

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