Recursos naturales, instituciones y desempeño económico

This study examines the relationship between natural resources, institutions, and economic performance over the period 1995-2019. Using cross-sectional data from a large sample of countries, a set of regressions is estimated through the two-stage least squares method. The findings indicate, first, that measures of natural resource dependence and abundance are neg­atively associated with both institutional quality and economic growth (1995-2019). At the same time, the estimates reveal a positive relationship between meas­ures of natural resource abundance and dependence and the level of per capita income (2019), alongside a negative association between natural resources and institutional quality. Overall, the results suggest that natural resources may adversely affect institutions and, in some resource-abundant countries, hinder economic development

Abundance (ecology) · Natural (archaeology) · Natural logarithm · Natural resource · Per capita · Quality (philosophy) · Sample (material) · Business, Education, Mathematics Research · Natural Resources and Economic Development · Social Issues and Policies in Latin America