Abstract

http://ssrn.com/abstract=1366034
 
 

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Natural Resources and Reforms


Mohammad Amin


World Bank - Development Research Group (DECRG); World Bank - Enterprise Analysis Unit

Simeon Djankov


New Economic School (NES)

March 20, 2009


Abstract:     
We use a sample of 133 countries to investigate the link between the abundance of natural resources and micro-economic reforms. Previous studies suggest that natural resource abundance gives rise to governments that are less accountable to the public, states that are oligarchic, and that it leads to the erosion of social capital. These factors are likely to hamper economic reforms. We test this hypothesis using data on micro-economic reforms from the World Bank's Doing Business database. The results provide a robust support for the "resource curse" view: a move from the 75th percentile to the 25th percentile on resource abundance equals 10.9 percentage points more reform, a large effect given that the mean probability of reform in the sample is 57.1%.

Number of Pages in PDF File: 28

Keywords: Reform, Natural resources, Regulation

JEL Classification: Q0, O25, K2, L51

working papers series





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Date posted: March 20, 2009  

Suggested Citation

Amin, Mohammad and Djankov, Simeon, Natural Resources and Reforms (March 20, 2009). Available at SSRN: http://ssrn.com/abstract=1366034 or http://dx.doi.org/10.2139/ssrn.1366034

Contact Information

Mohammad Amin (Contact Author)
World Bank - Development Research Group (DECRG) ( email )
1818 H Street NW
F 4P-238
Washington, DC 20433
United States
202-473-1915 (Phone)
World Bank - Enterprise Analysis Unit
2121 Pennsylvania Avenue, NW
Washington, DC 20433
United States
Simeon Djankov
New Economic School (NES) ( email )
47 Nakhimovsky Prospekt
Moscow, 117418
Russia
HOME PAGE: http://www.nes.ru
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