Logo
Munich Personal RePEc Archive

INSTITUCIONES, RECURSOS NATURALES Y SUS EFECTOS EN EL CRECIMIENTO ECONOMICO: UN SISTEMA DE ECUACIONES SIMULTÁNEAS EN PANEL DE DATOS

Nolazco Cama, Jose Luis and Bravo-Ortega, Claudio (2015): INSTITUCIONES, RECURSOS NATURALES Y SUS EFECTOS EN EL CRECIMIENTO ECONOMICO: UN SISTEMA DE ECUACIONES SIMULTÁNEAS EN PANEL DE DATOS.

Warning
There is a more recent version of this item available.
[thumbnail of MPRA_paper_74421.pdf]
Preview
PDF
MPRA_paper_74421.pdf

Download (918kB) | Preview

Abstract

The goal of this paper is twofold. First, the impact of institutions, the human and physical capital on economic growth when a country depends on natural resources is evaluated. Second, a methodology to correct deficiencies in previous studies used. The results for a sample of 64 countries indicate that if the institutions are bad (excellent), countries should increase the rate of growth of per capita GDP by 0.56 (1.01) 0.45 (1.02) 0.24 (0.40) if increases exports of food, agricultural raw materials and primary by a standard deviation respectively. In the case of gold and metals, with bad (excellent) institutions the growth rate of GDP per capita decreased by 1.34 (1.18) to an increase in such exports by one standard deviation. The study provides evidence that the technical appropriability of resources is met. Finally, those countries with better institutions counteract the negative effect caused by the curse of natural resources (institutional appropriability).

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.