Social and Behavioral Sciences Commons^™

Effects Of Natural Resource Abundance On Institutions: Which, Where And When?, Luisa Blanco, Jeffrey Nugent, Graham Veenstra

Luisa Blanco

Much research has gone into the effects of oil and other natural resources on growth in which political institutions are often seen as the link between the two. Since institutions are difficult to measure and change very slowly over time, the analysis has largely been confined to cross-country comparisons, most frequently investigating the effects on levels of democracy. This paper builds on recent analyses of the effects of oil endowments, prices and exports on democracy to examine the effects on several different types of institutional change, making use of panel data on over 100 countries between 1975 and 2005 wherever …