Growth, development and natural resources: New evidence using a heterogeneous panel analysis

This paper explores whether natural resource abundance is a curse or a blessing. To do so, we firstly develop a theory consistent econometric model, in which we show that there is a long run relationship between real income, the investment rate, and the real value of oil production. Secondly, we inv...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	The Quarterly review of economics and finance 2011-11, Vol.51 (4), p.305-318
Hauptverfasser:	Cavalcanti, Tiago V. de V., Mohaddes, Kamiar, Raissi, Mehdi
Format:	Artikel
Sprache:	eng
Schlagworte:	Cointegration Common correlated effects Cross sectional dependence Econometrics Economic growth Energy policy Growth models Growth models Natural resource curse Cointegration Cross sectional dependence Common correlated effects Oil Natural resource curse Oil Petroleum production Real income Studies
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!