Windfall gains, political economy and economic development

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Standard

Windfall gains, political economy and economic development. / Dalgaard, Carl-Johan Lars; Olsson, Ola.

I: Journal of African Economies, Bind 17, Nr. Suppl. 1, 2008, s. 72-109.

Publikation: Bidrag til tidsskriftTidsskriftartikelfagfællebedømt

Harvard

Dalgaard, C-JL & Olsson, O 2008, 'Windfall gains, political economy and economic development', Journal of African Economies, bind 17, nr. Suppl. 1, s. 72-109. https://doi.org/doi:10.1093/jae/ejm033

APA

Dalgaard, C-J. L., & Olsson, O. (2008). Windfall gains, political economy and economic development. Journal of African Economies, 17(Suppl. 1), 72-109. https://doi.org/doi:10.1093/jae/ejm033

Vancouver

Dalgaard C-JL, Olsson O. Windfall gains, political economy and economic development. Journal of African Economies. 2008;17(Suppl. 1):72-109. https://doi.org/doi:10.1093/jae/ejm033

Author

Dalgaard, Carl-Johan Lars ; Olsson, Ola. / Windfall gains, political economy and economic development. I: Journal of African Economies. 2008 ; Bind 17, Nr. Suppl. 1. s. 72-109.

Bibtex

@article{33f32720e6b311dcbee902004c4f4f50,
title = "Windfall gains, political economy and economic development",
abstract = "Natural resource rents and foreign aid have the character of windfall gains that affect economic outcomes both directly and indirectly. Several studies have shown that the indirect effect typically works via institutions like corruption. In this article, we offer a theoretical framework for a joint analysis of how natural resources and aid potentially affect total output in society through rent-seeking activities. We survey the existing evidence on both direct and indirect effects of windfalls and provide some new empirical evidence of the association between aid/natural resources and institutions in a large cross-section of countries. Our results suggest that whereas more aid means less corruption, natural resource rents is positively correlated with corruption, although both relationships are non-linear",
author = "Dalgaard, {Carl-Johan Lars} and Ola Olsson",
note = "JEL classification: O17, O43, P16",
year = "2008",
doi = "doi:10.1093/jae/ejm033",
language = "English",
volume = "17",
pages = "72--109",
journal = "Journal of African Economies",
issn = "0963-8024",
publisher = "Oxford University Press",
number = "Suppl. 1",

}

RIS

TY - JOUR

T1 - Windfall gains, political economy and economic development

AU - Dalgaard, Carl-Johan Lars

AU - Olsson, Ola

N1 - JEL classification: O17, O43, P16

PY - 2008

Y1 - 2008

N2 - Natural resource rents and foreign aid have the character of windfall gains that affect economic outcomes both directly and indirectly. Several studies have shown that the indirect effect typically works via institutions like corruption. In this article, we offer a theoretical framework for a joint analysis of how natural resources and aid potentially affect total output in society through rent-seeking activities. We survey the existing evidence on both direct and indirect effects of windfalls and provide some new empirical evidence of the association between aid/natural resources and institutions in a large cross-section of countries. Our results suggest that whereas more aid means less corruption, natural resource rents is positively correlated with corruption, although both relationships are non-linear

AB - Natural resource rents and foreign aid have the character of windfall gains that affect economic outcomes both directly and indirectly. Several studies have shown that the indirect effect typically works via institutions like corruption. In this article, we offer a theoretical framework for a joint analysis of how natural resources and aid potentially affect total output in society through rent-seeking activities. We survey the existing evidence on both direct and indirect effects of windfalls and provide some new empirical evidence of the association between aid/natural resources and institutions in a large cross-section of countries. Our results suggest that whereas more aid means less corruption, natural resource rents is positively correlated with corruption, although both relationships are non-linear

U2 - doi:10.1093/jae/ejm033

DO - doi:10.1093/jae/ejm033

M3 - Journal article

VL - 17

SP - 72

EP - 109

JO - Journal of African Economies

JF - Journal of African Economies

SN - 0963-8024

IS - Suppl. 1

ER -

ID: 2939646