Political foundations of the resource curse: A simplification and a comment

James A. Robinson (1) , Ragnar Torvik (2) , Thierry Verdier (3, 4, 5)

1 Harvard University
2 Department of Economics
3 CEPR - Center for Economic Policy Research
4 PSE - Paris-Jourdan Sciences Economiques
5 PSE - Paris School of Economics

In this note we show how a considerably simpler model than the one in our original JDE 2006 paper generates all the same results. We also acknowledge an error in the specification of a utility function in our previous paper.

Mots clés: Natural resources; Political economy; Clientelism

Domaines: Economies et finances

James A. Robinson, Ragnar Torvik, Thierry Verdier. Political foundations of the resource curse: A simplification and a comment. Journal of Development Economics, 2014, 106, pp.194-198. ⟨10.1016/j.jdeveco.2013.09.004⟩. ⟨halshs-00979099⟩