Do natural resource revenues hinder financial development? The role of political institutions
We theoretically and empirically examine the relationship between natural resource revenues and financial development. In the theoretical part, we present a politico-economic model in which contract enforcement is low and decreasing in resource revenues when political institutions are poor, but high...
| Egile Nagusiak: | , |
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| Formatua: | Working paper |
| Argitaratua: |
University of Oxford
2010
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