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Nguyen Phuc Canh, Sangho Kim and Su Dinh Thanh
''Entrepreneurship and natural resource rent-seeking: The roles of institutional quality''
( 2020, Vol. 40 No.2 )
To examine the influence of institutional quality and entrepreneurship density on natural resource rents, we apply the two-step system GMM to a global sample of 60 economies over the period 2006–2016. Our results show that (i) an increase in entrepreneurship density increases total natural resource rents; (ii) an improvement in institutional quality reduces total natural resource rents; (iii) improvement in institutional quality reduces the rent-seeking activities by entrepreneurs. We can confirm these results by a series of robustness checks. Our study calls for concerted efforts toward institutional reforms to promote sustainable development of natural resources.
Keywords: Entrepreneurship; Natural Resources; Rent Seeking; Institution; Panel data
JEL: L2 - Firm Objectives, Organization, and Behavior: General
D7 - Analysis of Collective Decision-Making: General
Manuscript Received : Feb 23 2020 Manuscript Accepted : May 06 2020

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