Corruption, Natural Capital and Economic Development: A Dynamic GMM Analysis
DOI :
https://doi.org/10.15353/rea.v17i1.5608Mots-clés :
Corruption, Human Capital, Dynamic Panel Data Models, Economic Growth, Natural ResourcesRésumé
Using a dynamic panel dataset of 150 countries for the period of 2006-2018 and a two-step system GMM estimation model, this paper shows that natural resources have a positive effect on economic development while holding corruption constant. Our findings support the notion that natural resources have a positive effect on the economy of a nation. When a country has less corruption, it improves the appropriation of economic gains from natural resources which serves as natural capital that would drive further capital accumulation and further development. We also find that physical capital, human capital, and freedom from corruption show strong positive effects on economic development, controlling for other economic and institutional variables.
Téléchargements
Publié-e
Numéro
Rubrique
Licence
© Jason Patalinghug, Joshua Ang 2025
Cette œuvre est sous licence Creative Commons Attribution - Pas d'Utilisation Commerciale 4.0 International.
The Review of Economic Analysis is committed to the open exchange of ideas and information.
Unlike traditional print journals which require the author to relinquish copyright to the publisher, The Review of Economic Analysis requires that authors release their work under Creative Commons Attribution Non-Commercial license. This license allows anyone to copy, distribute and transmit the work provided the use is non-commercial and appropriate attribution is given.
A 'human-readable' summary of the licence is here and the full legal text is here.
