the resource curse: natural resource abundance on the government transparency and economic expansion

The thesis analyzes the effect of ‘resource curse’ in ASEAN and OECD countries between 1990 and 2016. So far, there has not been empirical research that proved resource-rich economies in ASEAN and OECD countries had less transparency in their governmental system than the resource-poor ones and tested whether this lack of transparency has reduced their economic growth. By deploying ordinary least square regression, this paper’s results show a robust negative causal relationship running from oil and food resources export revenues to transparency. Furthermore, the decrease in economic expansion that is affected by the shortage of transparency is a result of ‘point’ (oil, ores, and minerals) resources revenues.