کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
997040 936328 2009 5 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Reconsidering the resource curse in oil-exporting countries
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی مهندسی انرژی و فناوری های برق
پیش نمایش صفحه اول مقاله
Reconsidering the resource curse in oil-exporting countries
چکیده انگلیسی

While there is much evidence to support the resource curse hypothesis for resource-abundant countries, some studies have found that oil booms raise the economic growth of oil-exporting countries. This paper examines the issue of the existence of the threshold effects in the relationship between oil revenues and output growth in oil-exporting countries, applying panel regressions. The empirical results strongly suggest the existence of a threshold beyond which oil revenues growth exerts a negative effect on output. The results indicate that the threshold of growth rate of oil revenues above which oil revenues significantly slows growth is around 18–19% for oil-exporting countries. In contrast, linear estimation without any allowance for threshold effects would misleadingly imply that an increase in the oil revenues increase the economic growth rate. Failure to account for nonlinearities conceal the resource curse in these countries particularly during extreme oil booms as suggested in previous studies.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Policy - Volume 37, Issue 3, March 2009, Pages 1165–1169
نویسندگان
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