There are a numbser of reasons suggesting that improving institutional quality is the most vital role for nations experiencing or expected to face natural resource curse overcome these challenges. Based on this debate, study seeks examine relative impacts different dimensions such qualities – (that is, index rule law, control corruption, regulatory quality, political instability, voice accounta...

We study the spatial distribution of effect oil and gas revenues on Brazilian municipalities, using variations in international prices to establish causality. Those increase nighttime light emissions oil-producing municipalities but impose negative spillovers neighboring especially those located more than 150 kilometers from activities. The two effects cancel out at level microregions. In royal...

The last sixty years have seen a significant shift away from seeing resource wealth as a key component ofpositive macro-economic reform, to acceptance of the negative impacts that an abundance of, or dependenceon, natural resources can have on security, economic growth, and the development of accountable politicalinstitutions. The appropriation and extraction of natural resources em...

This paper examines whether lax environmental policy and abundant natural resources both attract foreign direct investment (FDI). At first, their potential effects are discussed using arguments from the pollution haven hypothesis and the natural resource curse. Using cross-country Ordinary Least Square (OLS) regressions and robustness checks like Instrumental Variable Two-Stage Least Squares (I...

In the wake of the commodity boom, “new development strategies” in Latin America are centering on the industrialization of natural resources, thereby questioning the “resource curse” thesis and linking the economic performance of this activity with the institutional framework. In this context, the aim of this paper focusing on the Brazilian oil sector is to analyze the implementation of a resou...