The Resource Curse: A Corporate Transparency Channel *
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The Resource Curse: A Corporate Transparency Channel*
We propose and investigate a new channel through which the resource curse a stylized fact that countries rich in natural resources grow slower operates. Predatory governments are more likely to expropriate corporate profits in natural resource industries when the price of resources is higher. Corporations whose profits are more dependent on the price of resources can mitigate the risk of exprop...
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تاریخ انتشار 2007