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Institutional Quality Explains the Difference of Natural Gas Revenues to Contribute in the Economy: Empirical Evidence from Tanzania
This paper uses Tanzanian annual time series data for the period 2007-2016 in a Bayesian MCMC (Markov Chain Monte Carlo) to establish and compare the impact of natural gas revenues and institutional quality in the economy. We found that, the interaction effect between natural gas revenues and institutional quality as contributors to the economy was wide. This difference seems to be largely explained by institutional quality. This suggests that strengthening institutional quality structures indoi:10.22004/ag.econ.308777 fatcat:lzs2nk33z5d7vc24vxihn76dcu