Publication detail

The Natural Resource Curse and Institutions in Post-Soviet Countries

Author(s): prof. Roman Horváth Ph.D.,
PhDr. Ayaz Zeynalov Ph.D.,
Type: IES Working Papers
Year: 2014
Number: 24
ISSN / ISBN:
Published in: IES Working Papers 24/2014
Publishing place: Prague
Keywords: natural resource curse, institutions, manufacturing, post-Soviet countries
JEL codes: O11, O13, Q30
Suggested Citation: Horváth R., Zeynalov A. (2014). “The Natural Resource Curse and Institutions in Post-Soviet Countries” IES Working Paper 24/2014. IES FSV. Charles University.
Grants: DYME – Dynamic Models in Economics
Abstract: We examine the effect of natural resource exports on economic performance during the 1996-2011 period in the 15 independent countries that formerly comprised the Soviet Union. These countries were a largely homogeneous group with respect to social and institutional context; however, these countries began to demonstrate marked differences from one another with respect to these factors during the transition, which has resulted in unique cross-section and time variation. Using several panel regression models that address the endogeneity and clustering issues, our results suggest that natural resources crowd out manufacturing sector unless the quality of domestic institutions is sufficiently high.
Downloadable: wp_2014_24_Horvath_Zeynalov
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