Latin impact of oil America, East abundance on Asia), economic institutional growth quality, ethnic Log of GDP Oil reserves Bureaucracy OLS and Both oil and Bulte per capita and oil rents quality, 2SLS reserves and (2008) (as a percent latitude, log of estimation oil rents have of GDP) subsoil assets, techniques a significant elections, rule positive effect of law, trade on GDP per openness, capita growth mineral exports Figure 12 Overview of the Countries and Regions
Latin America, East Asia), institutional quality, ethnic impact of oil abundance on economic growth and Bulte (2008) Log of GDP per capita Oil reserves and oil rents (as a percent of GDP) Bureaucracy quality, latitude, log of subsoil assets, elections, rule of law, trade openness, mineral exports OLS and 2SLS estimation techniques Both oil reserves and oil rents have a significant positive effect on GDP per capita growth Figure 12 Overview of the Countries and Regions