Resource curse hypothesis: fresh evidence from OPEC member countries
This study investigated the impact of natural resources on economic growth among the Organization of the Petroleum Exporting Countries (OPEC) by controlling for institutional quality and financial development during the period 2008–2018. The study applied the recent generalised method of moment esti...
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| Veröffentlicht in: | OPEC energy review 2021-12, Vol.45 (4), p.462-474 |
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| container_title | OPEC energy review |
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| creator | Inuwa, Nasiru Modibbo, Haruna Usman Adamu, Sagir Sani, Mohammed Bello |
| description | This study investigated the impact of natural resources on economic growth among the Organization of the Petroleum Exporting Countries (OPEC) by controlling for institutional quality and financial development during the period 2008–2018. The study applied the recent generalised method of moment estimation method proposed by Kripfganz (2019, Generalized method of moments estimation of linear dynamic panel data models. London Stata Conference, pp. 1–128). The results revealed a negative and significant impact of natural resource rents on economic growth. However, oil rents showed a positive and statistically significant impact on economic growth. Similarly, institutional quality has been found to have positive and significant contribution to economic growth. Finally, financial development has also been found to have positive and significant impact on economic growth of the OPEC member countries. |
| doi_str_mv | 10.1111/opec.12217 |
| format | Article |
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The study applied the recent generalised method of moment estimation method proposed by Kripfganz (2019, Generalized method of moments estimation of linear dynamic panel data models. London Stata Conference, pp. 1–128). The results revealed a negative and significant impact of natural resource rents on economic growth. However, oil rents showed a positive and statistically significant impact on economic growth. Similarly, institutional quality has been found to have positive and significant contribution to economic growth. 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Finally, financial development has also been found to have positive and significant impact on economic growth of the OPEC member countries.</description><subject>2008-2018</subject><subject>Economic development</subject><subject>Economic growth</subject><subject>Economics</subject><subject>Estimation</subject><subject>Generalized method of moments</subject><subject>Impact analysis</subject><subject>Institutionelle Infrastruktur</subject><subject>Method of moments</subject><subject>Natural resources</subject><subject>Natürliche Ressourcen</subject><subject>OPEC-Staaten</subject><subject>Panel data</subject><subject>Petroleum</subject><subject>Rents</subject><subject>Rohstoffreichtum</subject><subject>Statistical analysis</subject><subject>Wirtschaftswachstum</subject><issn>1753-0229</issn><issn>1753-0237</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp9kN9LwzAQx4MoOKcv_gUB34TOXLo0qW8y5w8YTESfQ5teWMfa1GR17L83s6Jv3ssdx4fPHV9CLoFNINaN69BMgHOQR2QEUqQJ46k8_p15fkrOQlgzlnHJpiNy_4rB9d4gNb0PSFf7zm1XGOpwS63HsKL4WVfYRsB619Dly3xGG2xK9NS4vt36GsM5ObHFJuDFTx-T94f52-wpWSwfn2d3i8SkIpcJxJtZKaRUoEReGssra0XGDZTFNGeKW24raUBmOaYmLqwy07IqOAMrlOTpmFwN3s67jx7DVq_j7208qXnGQeWCcxWp64Ey3oXg0erO103h9xqYPqSkDynp75QiTAcYjWvr8IcqEJClURcRGJBdvcH9PzJ9CGfQfgHsCXMs</recordid><startdate>202112</startdate><enddate>202112</enddate><creator>Inuwa, Nasiru</creator><creator>Modibbo, Haruna Usman</creator><creator>Adamu, Sagir</creator><creator>Sani, Mohammed Bello</creator><general>Blackwell Publishing Ltd</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7ST</scope><scope>7TA</scope><scope>7TN</scope><scope>7TQ</scope><scope>8BJ</scope><scope>8FD</scope><scope>C1K</scope><scope>DHY</scope><scope>DON</scope><scope>F1W</scope><scope>FQK</scope><scope>H96</scope><scope>JBE</scope><scope>JG9</scope><scope>L.G</scope><scope>SOI</scope><orcidid>https://orcid.org/0000-0003-3541-3051</orcidid></search><sort><creationdate>202112</creationdate><title>Resource curse hypothesis: fresh evidence from OPEC member countries</title><author>Inuwa, Nasiru ; 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| identifier | ISSN: 1753-0229 |
| ispartof | OPEC energy review, 2021-12, Vol.45 (4), p.462-474 |
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| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; PAIS Index; Business Source Complete |
| subjects | 2008-2018 Economic development Economic growth Economics Estimation Generalized method of moments Impact analysis Institutionelle Infrastruktur Method of moments Natural resources Natürliche Ressourcen OPEC-Staaten Panel data Petroleum Rents Rohstoffreichtum Statistical analysis Wirtschaftswachstum |
| title | Resource curse hypothesis: fresh evidence from OPEC member countries |
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