Resources and Incentives to Reform: A Model and Some Evidenceon Sub-Saharan African Countries

The paper models the incentives for a self-interested government to implement ""good policies"". While good policies lead to investment and growth, they reduce the government''s ability to increase supporters'' consumption. The model predicts that resource abu...

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1. Verfasser: De Blasio, Guido (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 2001
Schriftenreihe:IMF Working Papers Working Paper No. 01/86
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Zusammenfassung:The paper models the incentives for a self-interested government to implement ""good policies"". While good policies lead to investment and growth, they reduce the government''s ability to increase supporters'' consumption. The model predicts that resource abundance is conductive to poor policies and, consequently, to low investment. The implications of the model are broadly supported by evidence on sub-Saharan African countries. In particular, countries that are rich in natural resources tend to have lower institutional quality and worse macroeconomic and trade policies
Beschreibung:1 Online-Ressource (43 p)
ISBN:1451850883
9781451850888

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