| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11553 |
| DP11553 Shifting Frontiers in Global Resource Wealth: The Role of Policies and Institutions | |
| Frederick van der Ploeg; Rabah Arezki; Frederik Toscani | |
| 发表日期 | 2016-10-05 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper explores the impact of increased market orientation and improved institutions on global resource wealth using a novel dataset of major hydrocarbon and mineral discoveries. Guided by the predictions of a two-region model, we employ an instrumental variable strategy to test whether increased market orientation boosts discoveries. Our results indicate that if Latin America and sub-Saharan Africa were to adopt the same quality of institutions as the United States, discoveries worldwide would increase by 25 percent. Our results support the primacy of institutions by calling into question the commonly held view that resource endowments are exogenous. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Natural resources Discoveries Institutions Market orientation Liberalization Endogenous reserves |
| URL | https://cepr.org/publications/dp11553 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540367 |
| 推荐引用方式 GB/T 7714 | Frederick van der Ploeg,Rabah Arezki,Frederik Toscani. DP11553 Shifting Frontiers in Global Resource Wealth: The Role of Policies and Institutions. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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