Series: IMF Working Papers
Author(s): Carlos Leite , and Jens Weidmann
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1999
Keywords: Economic growth, neoclassical growth model, natural resources, anti-corruption policies, cross-country study, natural resource, growth rate, natural resource abundance
This paper argues that natural resource abundance creates opportunities for rent-seeking behavior and is an important factor in determining a country’s level of corruption. In a simple growth model, we illus...