Institutional Quality, Income per Capita Growth and Resource Endowments for 87 Developing Countries, 1991-2010

Clague et al. (1999) reviewed case studies from several countries and found that CIM is a good measure of institutional quality, though some country examples demonstrate idiosyncratic cases. We also use the indicators of governance used by Kaufmann et al. (2010) such as Voice and Accountability (VA), Political Stability and the Absence of Violence (PA), Government Effectiveness (GE), Regulatory Quality (RQ), Rule of Law (RL), and Control of Corruption (CC)—with CIM, was illustrated to examine the suitability of CIM as an institutional quality variable.

Purpose: The data obtained is employed for investigation of dissertation. My main objective in this analysis was to assess the impact of resource rent shares of income per capita through various resource curse channels. I hypothesized that natural resource abundance only encourages economic development in countries with high quality economic institutions.