This paper sheds light on the relationship between oil rent and the allocation of talent, toward rent-seeking versus more productive activities, conditional on the quality of institutions…
States that substantially increase their income through rents (profits from the exportation of oil and other natural resources) often experience a subsequent increase in government corruption. Simply put, the people in power try to direct more of the money to themselves and prevent others from taking their place…
New Economics Papers Energy Economics (REPEC)
