All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC

 
Riccardo Marchi Adani and Roberto Ricciuti
 
''The resource curse, rule of law and accountability in African countries: a dynamic panel analys''
( 2014, Vol. 34 No.3 )
 
 
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.
 
 
Keywords: Resource curse, African economies, governance indicators, rule of law.
JEL: Q3 - Nonrenewable Resources and Conservation: General
O1 - Economic Development: General
 
Manuscript Received : Oct 21 2013 Manuscript Accepted : Aug 25 2014

  This abstract has been downloaded 1561 times                The Full PDF of this paper has been downloaded 166290 times