Rule of Law and the Resource Curse: Abundance Versus Intensity

  title={Rule of Law and the Resource Curse: Abundance Versus Intensity},
  author={C. Norman},
  journal={Environmental and Resource Economics},
  • C. Norman
  • Published 2008
  • Economics
  • Environmental and Resource Economics
We examine the ‘resource curse’ using new data on historic resource stocks and an improved econometric methodology. The paper distinguishes between resource abundance (stocks) and extractive intensity (flows), focusing on relationships between resources and rule of law. Previously unavailable information on past resource stocks is estimated. We find that economically large initial natural resource stocks are associated with subsequent lower levels of rule of law and do not directly affect… Expand

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