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The Natural Resource Curse and Institutions in Post-Soviet Countries

Author

Listed:
  • Roman Horváth

    (Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Smetanovo nábreží 6, 111 01 Prague 1, Czech Republic
    IOS, Regensburg)

  • Ayaz Zeynalov

    (Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Smetanovo nábreží 6, 111 01 Prague 1, Czech Republic)

Abstract

We examine the effect of natural resource exports on economic performance during the 1996-2011 period in the 15 independent countries that formerly comprised the Soviet Union. These countries were a largely homogeneous group with respect to social and institutional context; however, these countries began to demonstrate marked differences from one another with respect to these factors during the transition, which has resulted in unique cross-section and time variation. Using several panel regression models that address the endogeneity and clustering issues, our results suggest that natural resources crowd out manufacturing sector unless the quality of domestic institutions is sufficiently high.

Suggested Citation

  • Roman Horváth & Ayaz Zeynalov, 2014. "The Natural Resource Curse and Institutions in Post-Soviet Countries," Working Papers IES 2014/24, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Aug 2014.
    • Handle: RePEc:fau:wpaper:wp2014_24
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    File URL: http://ies.fsv.cuni.cz/sci/publication/show/id/5199/lang/cs
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    Citations

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    Cited by:

    1. Asongu, Simplice & Odhiambo, Nicholas, 2022. "The paradox of governance and natural resource rents in Sub-Saharan Africa," MPRA Paper 119066, University Library of Munich, Germany.
    2. Havranek, Tomas & Horvath, Roman & Zeynalov, Ayaz, 2016. "Natural Resources and Economic Growth: A Meta-Analysis," World Development, Elsevier, vol. 88(C), pages 134-151.
    3. Belaid, Fateh & Dagher, Leila & Filis, George, 2021. "Revisiting the resource curse in the MENA region," Resources Policy, Elsevier, vol. 73(C).
    4. Fuinhas, José Alberto & Cardoso Marques, António & Da Silva Faria, Samuel, 2017. "Natural Resources, Globalization and Sustainable Economic Welfare: A Panel ARDL Approach /Recursos Naturales, Globalización y Bienestar Económico Sostenible: Un análisis ARDL en panel," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 35, pages 653-672, Agosto.
    5. Byaro, Mwoyo & Kinyondo, Abel, 2020. "Institutional Quality Explains the Difference of Natural Gas Revenues to Contribute in the Economy: Empirical Evidence from Tanzania," African Journal of Economic Review, African Journal of Economic Review, vol. 8(3), November.
    6. Ayaz Zeynalov, 2017. "The gravity of institutions in a resource-rich country: the case of Azerbaijan," International Economics and Economic Policy, Springer, vol. 14(2), pages 239-261, April.

    More about this item

    Keywords

    natural resource curse; institutions; manufacturing; post-Soviet countries;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General

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