According to the Mehlum-Moene-Torvik model, the influence of institutions and natural resources on the level of GDP is ambiguous: depending on the value of a threshold function of institutional quality and natural resource endowment, the economy may be in one of the two equilibrium types -...

Statistical evidences that some transmission channels of «resource curse» operate in Russian economy at regional level are received. Incomes from export of power resources and gratuitous federal transfers play a role in increase of officialdom, in distortion of regional elite behavior, and...