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The political economy of the natural resource curse : a survey of theory and evidence

Author: Robert T Deacon
Publisher: Boston : Now, ©2011.
Series: Foundations and trends in microeconomics, vol. 7, issue 2.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This survey focuses on political economy theories of the resource curse and scrutinizes how well, or poorly, these theories have been integrated with empirical work. One reason why this integration is important lies in the practical importance of pinning down the causal links involved in the resource curse. A second reason for focusing on integration of theory and empirics is that the resource curse is a potentially  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Robert T Deacon
ISBN: 9781601984975 1601984979
OCLC Number: 771098641
Description: 1 online resource (pages 111-208) : illustrations (some color).
Contents: 1. Introduction and motivation --
1.1 Market-based theories of the resource curse --
1.2 Political economy and the resource curse. 3. Models of rent-seeking and the resource curse --
3.1 The political response to windfalls: voracity, growth and the resource curse --
3.2 Rent-seeking and the misallocation of entrepreneurial talent --
3.3 Rent-seeking, institutional decline and the number of competing claimants --
3.4 Resource rents and violent conflict when the rule of law is absent. 4. Models of political institutions and the resource curse --
4.1 Public employment as a political commitment mechanism --
4.2 A model of rent-induced regime transitions --
4.3 Political institutions and the resource curse: alternative treatments --
4.4 Linking theory to empirics. 5. Empirical contributions --
5.1 General empirical research on the resource curse --
5.2 Governance and the short- versus long-run responses to resource booms --
5.3 Oil, corruption and democracy --
5.4 Resource abundance and politically motivated conflict. 6. Conclusions and research directions --
6.1 The ongoing empirical literature --
6.2 The resource curse as a "test bed" for political economy models --
6.3 Is the resource curse real?
Series Title: Foundations and trends in microeconomics, vol. 7, issue 2.
Responsibility: by Robert T. Deacon.

Abstract:

The Political Economy of the Natural Resources Curse focuses on political economy theories of the resource curse and scrutinizes how well, or poorly, these theories have been integrated with  Read more...

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