Joseph Pelzman, Yessengali Oskenbayev, Murat Issabayev
{"title":"Does Institution Explain Natural Resource Curse?","authors":"Joseph Pelzman, Yessengali Oskenbayev, Murat Issabayev","doi":"10.1515/gej-2018-0057","DOIUrl":null,"url":null,"abstract":"Abstract In this paper we study the natural resource curse by analyzing the cross-regional sample from Kazakhstan. Our focus is to understand if the institutional quality within the country explains the resource curse. Using the data for 14 regions in Kazakhstan between 2000 and 2010 and employing various panel data approaches, we find that the institutional quality is not a determinant of the resource curse as institution changes very slowly within the country over time. This statement surely contradicts with previous resource curse literatures that utilized cross-country sample counting the fact that institutions vary across countries. Instead here, we argue that the resource curse within the country arises as a result of commodity price volatility.","PeriodicalId":44015,"journal":{"name":"Global Economy Journal","volume":"45 1","pages":""},"PeriodicalIF":1.0000,"publicationDate":"2018-08-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Global Economy Journal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1515/gej-2018-0057","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 2
Abstract
Abstract In this paper we study the natural resource curse by analyzing the cross-regional sample from Kazakhstan. Our focus is to understand if the institutional quality within the country explains the resource curse. Using the data for 14 regions in Kazakhstan between 2000 and 2010 and employing various panel data approaches, we find that the institutional quality is not a determinant of the resource curse as institution changes very slowly within the country over time. This statement surely contradicts with previous resource curse literatures that utilized cross-country sample counting the fact that institutions vary across countries. Instead here, we argue that the resource curse within the country arises as a result of commodity price volatility.
期刊介绍：
The GEJ seeks to publish original and innovative research, as well as novel analysis, relating to the global economy. While its main emphasis is economic, the GEJ is a multi-disciplinary journal. The GEJ''s contents mirror the diverse interests and approaches of scholars involved with the international dimensions of business, economics, finance, history, law, marketing, management, political science, and related areas. The GEJ also welcomes scholarly contributions from officials with government agencies, international agencies, and non-governmental organizations. One over-arching theme that unites IT&FA members and gives focus to this journal is the complex globalization process, involving flows of goods and services, money, people, and information.
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