نوع مقاله : مقاله پژوهشی
نویسندگان
1 استادیار گروه اقتصاد دانشکده حقوق و اقتصاد، دانشگاه آزاد واحد تهران جنوب
2 کارشناس ارشد رشته اقتصاد، دانشگاه آزاد واحد تهران جنوب
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
Through a rent-seeking model, this article analyses the relationship between institutional quality and oil rents. It is claimed that for each country, a threshold exists, such that beyond this point, any additional amounts of oil rent begin to have a negative impact on institutional quality. If oil rent is lower than its critical threshold, the country’s economy still performs well, but, as the oil rent increases, the expected return of the rent-seeking behavior is elevated. This, in turn, lowers the quality of institutions. This relationship is illustrated by an inverse U-shaped curve. Our empirical study confirms such an inverse U-shaped curve for oil-based economies for the years 1996-2011. Also relationships prove to exist between oil rents and such indices as role of law, control of corruption, voice and accountability, and political stability.
کلیدواژهها [English]
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