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On the Looting of Nations

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Abstract

We develop a dynamic discrete choice model of an unchecked ruler making decisions regarding the development of a resource-rich country. Resources serve as collateral and facilitate the acquisition of loans. The ruler chooses either to stay in power while facing the risk of being ousted, or loot the country’s riches by liquefying the resources through […]

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  • Erwin Bulte & Mare Sarr & Tim Swanson, 2010. "On the Looting of Nations," Working Papers 183, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:183
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    Cited by:

    1. Mare Sarr & Timothy Swanson, 2012. "Corruption and the Curse: The Dictator's choice," CIES Research Paper series 17-2012, Centre for International Environmental Studies, The Graduate Institute.
    2. Magali Dauvin & David Guerreiro, 2016. "The Paradox of Plenty: A Meta-Analysis," Working Papers hal-04141596, HAL.
    3. Kasekende, Elizabeth & Abuka, Charles & Sarr, Mare, 2016. "Extractive industries and corruption: Investigating the effectiveness of EITI as a scrutiny mechanism," Resources Policy, Elsevier, vol. 48(C), pages 117-128.
    4. Karolina Ryszka, 2013. "Resource Extraction in a Political Economy Framework," Tinbergen Institute Discussion Papers 13-094/VIII, Tinbergen Institute.
    5. Mare Sarr & Timothy Swanson & Chiara Ravetti & Siri Wingaard, 2012. "Aiding and Abetting the Looting of Nations: The impact of Aid on growth in Autocracies," CIES Research Paper series 15-2012, Centre for International Environmental Studies, The Graduate Institute.
    6. J. Paul Dunne & Nan Tian, 2015. "Military Expenditure, Economic Growth and Heterogeneity," Defence and Peace Economics, Taylor & Francis Journals, vol. 26(1), pages 15-31, February.
    7. Smith, Brock, 2015. "The resource curse exorcised: Evidence from a panel of countries," Journal of Development Economics, Elsevier, vol. 116(C), pages 57-73.
    8. Dauvin, Magali & Guerreiro, David, 2017. "The Paradox of Plenty: A Meta-Analysis," World Development, Elsevier, vol. 94(C), pages 212-231.
    9. repec:aer:wpaper:326 is not listed on IDEAS
    10. Chandan Sharma & Debdatta Pal, 2021. "Revisiting resource curse puzzle: new evidence from heterogeneous panel analysis," Applied Economics, Taylor & Francis Journals, vol. 53(8), pages 897-912, February.
    11. repec:ldr:wpaper:95 is not listed on IDEAS
    12. Meissner, Christopher M., 2014. "Growth from Globalization? A View from the Very Long Run," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 8, pages 1033-1069, Elsevier.
    13. Ravetti, Chiara & Sarr, Mare & Swanson, Tim, 2018. "Foreign aid and political instability in resource-rich countries," Resources Policy, Elsevier, vol. 58(C), pages 277-294.

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    • 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
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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