“…There have been several empirical cross-country analyses (using regression analysis) demonstrating a strong negative correlation between mineral resources and several institutional variables (e.g. for corruption, see Arezki and Brückner, 2011;Leite and Weidmann, 2002, for rule of law, see Kolstad, 2009;Norman, 2009;Sala-i-Martin and Subramanian, 2012; for quality of bureaucracy, see Brunnschweiler andBulte, 2008, Isham et al, 2005; for property rights protection see Baggio and Papyrakis, 2010;Brunnschweiler, 2008, for transparency see Williams, 2011).…”