مصيبت منابع يا نهادها: مطالعه موردي كشورهاي صادركننده نفت

Cursed by Resources or Institutions? The Case Study: Oil Exporting Countries

This paper studies the role of the institutions in oil revenue effect on economic growth in oil exporting countries. The methodology of this study is based on Panel econometric models for 23 oil exporting countries. The original hypothesis of this study expresses that the key variable in oil curse or blessing, is institutional quality. In fact, the phenomenon of resource curse happens in countries of which institutional quality index is lower than the threshold level of institutional quality. The results of this study support this hypothesis.