Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7399309 | Energy Policy | 2016 | 6 Pages |
Abstract
Economic theory predicts that rents produced from natural resources, especially oil and gas, can increase opportunities for entrepreneurship, but they may also reduce engagement in entrepreneurial activities as they change incentives towards rent-seeking. Using Global Entrepreneurship Monitor (GEM) annual surveys, this study provides empirical evidence that more per capita profit from oil and gas reduces entrepreneurship only in corrupt environments. The more the corruption is, the larger is the impact. The results have important implications for policy makers, especially in resource rich developing countries.
Keywords
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Mahdi Majbouri,