نقمة المؤسسات : أدلة من البلدان العربية الغنية بالنفط

Abstract EN

The evidence from growth and resource curse literature shows that oil abundant countries constitute both growth losers and growth winner.

Why do natural resources induce prosperity in some countries but stagnation in others? In this paper, we provide invulnerable arguments against standard Resource Curse theory and attempt to cut through the current impasse generated by the statistical studies by maintaining that resource discoveries don't lead to bad institutions.

Instead, institutional badness leads to mobilize state capacity for discovering and developing resources.

We argue in this paper that the primary explanation of underdevelopment in the arabregion is their dysfunctional extractive political and economic institutions which predate resource discovery that preventing these countries from embarking on a sustainable development path.