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dc.creatorGallego, Jorge A. 
dc.creatorMaldonado, Stanislao 
dc.creatorTrujillo, Lorena 
dc.date.accessioned2018-04-27T14:17:11Z
dc.date.available2018-04-27T14:17:11Z
dc.date.created2018-04-24
dc.date.issued2018
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/17949
dc.description.abstractIs it possible to revert the resource curse through institutional reform? Evidence suggests that there is a negative relationship between abundance of natural resources and economic growth, political stability, democracy, and peace. However, evidence illustrating how institutional reform can revert this situation is scarce. In this paper, we exploit an institutional reform that took place in Colombia in 2011. We evaluate the effects of the reform to the royalties system, that modified the allocation rule of these rents but also introduced important changes in terms of control and accountability, on the living standards of Colombian households. We instrument municipality-level allocations of royalties using international variations in the price of oil, and we find that the reform had important effects on several household welfare indicators. We find positive impacts on important dimensions, such as poverty, income, employment, housing conditions, health, and education, among others. Results are mixed or null in other areas, such as formality or employment in the service sector. We test for different channels explaining these effects, which include theories of state capacity, competition for resources, and increased control and accountability. Our evidence supports the state capacity mechanism.
dc.format.extent63
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.relation.urihttps://ideas.repec.org/p/col/000092/016225.html
dc.rightsAtribución-NoComercial-SinDerivadas 2.5 Colombia
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/2.5/co/
dc.subjectMaldición de los recursos
dc.subjectReforma institucional
dc.subjectCapacidad estatal
dc.subjectRendición de cuentas
dc.subject.ddcDe gobiernos centrales 
dc.subject.lembReforma del Estado
dc.subject.lembRegalías::Colombia
dc.titleBlessing a Curse? Institutional Reform and Resource Booms in Colombia
dc.typeworkingPaper
dc.subject.keywordResource Curse
dc.subject.keywordInstitutional Reform
dc.subject.keywordState Capacity
dc.subject.keywordAccountability
dc.subject.keywordEconomic Shocks
dc.subject.keywordChoques Económicos
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.type.spaDocumento de trabajo
dc.rights.accesoAbierto (Texto Completo)
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.subject.jelH23
dc.subject.jelI31
dc.subject.jelO10
dc.subject.jelO13
dc.subject.jelQ33
dc.contributor.gruplacFacultad de Economía
dc.relation.citationIssueNo. 216
dc.relation.citationTitleSerie Documentos de trabajo. Economía


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Atribución-NoComercial-SinDerivadas 2.5 Colombia
Except where otherwise noted, this item's license is described as Atribución-NoComercial-SinDerivadas 2.5 Colombia