G2TT
来源类型Other Publications
规范类型其他
On the Looting of Nations
Swanson, Tim; Other authors; Sarr, Mare; Hendricus Bulte, Erwin; Meissner, Chris
发表日期2009-05-19
出版年2009
语种英语
摘要

Sarr, Mare, Erwin Hendricus Bulte, Chris Meissner and Tim Swanson. 2009. “On the Looting of Nations” working paper
Download reference

The paper develops a dynamic discrete choice model of a self-interested and unchecked ruler making decisions regarding the development of a resource rich country.

We develop a dynamic discrete choice model of a self-interested and unchecked ruler making decisions regarding the development of a resource rich country. Resource wealth serves as collateral and facilitates the acquisition of loans. The ruler makes the recursive choice of either staying in power to live off the productivity of the country while facing the risk of being ousted, or looting the country's riches by liquefying the natural assets through external lending. We show that 1) unstructured lending from international credit markets can enhance the ruler's ability to liquefy assets, and create incentives to loot the country's wealth; and 2) an enhanced likelihood of looting reduces tenures (greater political instability), increases indebtedness, reduces investment, and diminishes growth. We test these predictions with the data and find strong empirical evidence that instability caused by unsound lending to unchecked rulers of resource rich countries may result in a negative shock to economic growth.

    Authors

  • Swanson, Tim
  • Other authors:
    Sarr, Mare
    Hendricus Bulte, Erwin
    Meissner, Chris
URLhttps://efdinitiative.org/publications/looting-nations
来源智库Environment for Development Initiative (Sweden)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/137270
推荐引用方式
GB/T 7714
Swanson, Tim,Other authors,Sarr, Mare,et al. On the Looting of Nations. 2009.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
on_the_looting_of_na(545KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Swanson, Tim]的文章
[Other authors]的文章
[Sarr, Mare]的文章
百度学术
百度学术中相似的文章
[Swanson, Tim]的文章
[Other authors]的文章
[Sarr, Mare]的文章
必应学术
必应学术中相似的文章
[Swanson, Tim]的文章
[Other authors]的文章
[Sarr, Mare]的文章
相关权益政策
暂无数据
收藏/分享
文件名: on_the_looting_of_nations_sarr20et20al.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。