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:: year 6, Issue 18 (winter 2014) ::
JMBR 2014, 6(18): 157-175 Back to browse issues page
The Effect of Dependency on Natural Resource on the Quality of Institutions
Farhad Nili , Reza Bakhshi Ani
Abstract:   (2334 Views)

Unbundling of institutions has been ignored while investigating the effects of resource curse on their quality. Meanwhile, the effects of institutions on economic performance and the process of their vulnerability to resources can differ based on their performance and roles. This study aims at Unbundling of institutions and investigation of the effects of their dependency on natural resources on their quality. Three factors of development level before dependency, geographical situation, and colonialism has also been seen as effective in the quality of institutions. Results reveal that dependency on oil and minerals reduces the quality of political and economic institutions. Findings support the theory that dependency on resources can weaken the quality of institutions and consequently lead to resource curse in resource-rich countries.

Full-Text [PDF 571 kb]   (1510 Downloads)    
Type of Study: Empirical Study |
Received: 2014/08/5 | Accepted: 2014/10/22 | Published: 2015/03/18
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year 6, Issue 18 (winter 2014) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
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