The oil curse, institutional quality, and growth in MENA countries: Evidence from time-varying cointegration
By N. Apergis, James E. Payne. 2014
170 citations recorded by the source corpus.
This study re-examines the impact of oil abundance on economic growth in a number of MENA (Middle East and North African) countries for the period 1990–2013. Given the number of economic and institutional reforms undertaken by these countries in recent years, we incorporate measures of institutional quality to evaluate if oil abundance impacts economic growth differently. The results from time-varying cointegration reveal that better institutional quality reduces the unfavorable effect of oil reserves on the performance of the real economy.
Subfields: Economics and Econometrics, Information Systems
View Paper: https://www.semanticscholar.org/paper/edeb1b10468a03dc9fb11227d8e506275c71797e
How researchers see this paper
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In Economics and Econometrics
- Muhammad Ali Nasir
- Jeremy Clark
- Trumel Redmond
- Ramez Abubakr Badeeb
- Hooi Hooi Lean
- Muhammad Shahbaz
- Ilhan Ozturk
- Sakiru Adebola Solarin
In Information Systems
Citations in the corpus
- The evolution of the natural resource curse thesis: A critical literature survey (2017, background): “Along similar lines, Apergis and Payne (2014) re-examine the impact of oil abundance on economic growth in a number of MENA countries for the later period 1990-2013.”
- Role of natural resource abundance, international trade and financial development in the economic development of selected countries (2020, methodology): “Examining Middle East and North Africa (MENA), Apergis and Payne (2014) discovered that the positive impact of oil abundance occurred after 2003. Enhancement in the quality of institutions and economic reforms implemented in the MENA countries were possible reasons for the change according to Apergi”