Article ID Journal Published Year Pages File Type
5056368 Economic Systems 2013 11 Pages PDF
Abstract

•We hypothesize that for the Kazakh regions natural resources play an important role in forming convergence clubs.•The emphasis is placed on different measures of resource abundance.•Regression tree analysis is used to test this hypothesis.•The results show that natural resource endowment rather than dependence defines convergence clubs.

This paper deals with the hypothesis that natural resources are important in forming convergence clubs. We check this hypothesis by applying a dependence and an endowment measure of natural resource abundance and a regression tree analysis. The results indicate that for the Kazakh regions natural resources do indeed play an important role in forming convergence clubs. It is further shown that natural resource endowment rather than resource dependence determines initial conditions and thereby convergence clubs.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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