Abstract

NINO MUNOZ, Diana. Standard of living and institutional development in Colombian oil-endowed municipalities (2000-2010). Rev.econ.inst. [online]. 2015, vol.17, n.33, pp.204-230. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v17n33.09.

Some researchers claim that rents resulting from natural resources could be a curse for human development depending on their institutions. Using a comparative method to determine if institutional decline and deterioration of quality of life were independent situation in the main oil municipalities, I constructed two indices (of institutional quality and living conditions) for the period 2000-2010. The results suggest the existence of an institutional threshold above which the relationship between per capita royalties and institutional quality is negative. This situation is a necessary but insufficient condition in municipalities experiencing the natural resource curse. This contributes to the policies of these municipalities and provides a warning regarding the new institutional regulation of royalties in the country.

Keywords : Standard of living; institutional development; oil royalties.

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