An empirical note on comparison between resource abundance and resource dependence in resource abundant countries

By Muhammad Shahbaz, M. Destek, Ilyas Okumus, Avik Sinha. Resources policy, 2019

210 citations recorded by the source corpus.

Abstract This study explores the relative effects of natural resource abundance and natural resource dependence on economic growth for the period of 1980–2015 in 35 natural resource abundant countries. For this purpose, the relationship between economic growth, natural resource rents per capita, natural resource rents share of gross domestic product, capital, trade openness and financial development is examined. In doing so, we utilized with second generation panel data methodologies to take into account the cross-sectional dependence among countries. Our results show the existence of cointegration between the variables. Moreover, natural resource abundance promotes economic growth but natural resource dependence prevents economic activity. This study provides guidelines to utilise natural resources as economic tool to maintain economic development for longer period of time.

Subfields: Building and Construction, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/a1c845b3cc45adb002f4658d1927fa70fa175d5b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Umer Shahzad
2. Buhari Doğan
3. Z. Fareed
4. Avik Sinha
5. Muhammad Shahbaz
6. Tuhin Sengupta
7. Olimpia Neagu

Citations in the corpus

• Does Export product diversification help to reduce energy demand: Exploring the contextual evidences from the newly industrialized countries (2021, background): “6 Shahbaz et al. (2019b) analyzed the relationship between human capita, export diversification and energy demand of United States.”