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Resources and Incentives to Reform

Author

Listed:
  • Alberto Dalmazzo

    (International Monetary Fund)

  • Guido de Blasio

    (International Monetary Fund)

Abstract

This paper models the incentives for a self-interested government to implement "good policies." While good policies lead to investment and growth, they also reduce the government's ability to reward its supporters. The model predicts that resource abundance leads to poor policies and, consequently, to low investment. The implications of the model are broadly supported by existing evidence. In particular, countries that are rich in natural resources tend to have low institutional quality and poor macroeconomic and trade policies. Copyright 2003, International Monetary Fund

Suggested Citation

  • Alberto Dalmazzo & Guido de Blasio, 2003. "Resources and Incentives to Reform," IMF Staff Papers, Palgrave Macmillan, vol. 50(2), pages 1-5.
    • Handle: RePEc:pal:imfstp:v:50:y:2003:i:2:p:5
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    Citations

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    Cited by:

    1. Boris Najman & Richard Pomfret & Gael Raballand & Patricia Sourdin, 2005. "How are Oil Revenues Redistributed in an Oil Economy? The Case of Kazakhstan," School of Economics and Public Policy Working Papers 2005-18, University of Adelaide, School of Economics and Public Policy.
    2. Freinkman, Lev & Plekhanov, Alexander, 2009. "Fiscal Decentralization in Rentier Regions: Evidence from Russia," World Development, Elsevier, vol. 37(2), pages 503-512, February.
    3. BENYOUB, Mohammed, 2018. "L’impact De L’investissement Des Revenus Pétroliers Sur La Croissance, L’inflation Et Le Chômage : Cas D’Algérie (2000-2015) [The Impact of Oil Revenue Investment on Growth, Inflation and Unemploym," MPRA Paper 90489, University Library of Munich, Germany, revised 05 Jul 2018.
    4. Julian Lampietti, 2004. "Power's Promise : Electricity Reforms in Eastern Europe and Central Asia," World Bank Publications - Books, The World Bank Group, number 14936, December.
    5. Osiris Jorge Parcero & Elissaios Papyrakis, 2024. "Income inequality and the oil resource curse," Papers 2401.04046, arXiv.org.
    6. Parcero, Osiris J. & Papyrakis, Elissaios, 2016. "Income inequality and the oil resource curse," Resource and Energy Economics, Elsevier, vol. 45(C), pages 159-177.
    7. Kaznacheev, Peter, 2013. "Resource Rents and Economic Growth: Economic and institutional development in countries with a high share of income from the sale of natural resources. Analysis and recommendations based on internatio," EconStor Research Reports 121950, ZBW - Leibniz Information Centre for Economics.
    8. Papyrakis, Elissaios & Gerlagh, Reyer, 2006. "Resource windfalls, investment, and long-term income," Resources Policy, Elsevier, vol. 31(2), pages 117-128, June.

    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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