Appraisal of natural resources rents and economic development

Jović, Srđan; Maksimović, Goran; Jovović, David

doi:10.1016/j.resourpol.2016.10.012

Cited by 33 publications

(8 citation statements)

References 16 publications

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“…Hannan and Mohsin () consider the various types of resource rents and report the results against the resource curse hypothesis. Jović, Maksimović, and Jovović () report that among coal rents, forest rents, mineral rents, natural gas rents and oil rents, forest rents have the highest dominance on the GDP. In other words, GDP has highest variation with small changes in the forest rents.…”

Section: Literature Reviewmentioning

confidence: 99%

Curse or Blessing? An Empirical Re‐examination of Natural Resource‐Growth Nexus

Yanıkkaya

Turan

2018

J of Intl Development

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This study re‐examines the natural resource abundance‐growth nexus for a large sample of countries. Our findings indicate that total resource, coal, mineral, natural gas and oil rents have significantly positive effects on growth while forest rents have negative effects. While estimation results show that coal and mineral rents raise growth for resource poor countries, natural gas and oil rents (forest rents) raise (lower) growth for resource‐rich countries. Overall, our results fail to support the natural resource curse hypothesis. On the contrary, we can conclude that, except for forest rents, resource rents appear to be a blessing rather than a curse. Copyright © 2018 John Wiley & Sons, Ltd.

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Section: Literature Reviewmentioning

confidence: 99%

Curse or Blessing? An Empirical Re‐examination of Natural Resource‐Growth Nexus

Yanıkkaya

Turan

2018

J of Intl Development

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“…More importantly, other studies, such as Yanikkaya and Turan (2018) and Jović et al (2016), have reported the differential effect of different categories of resource rents on economic growth. For instance, countries that specialise in the export of commodities with substantial price volatility have a tendency toward more volatility in their terms of trade, which results in economic growth rates of lower magnitude relative to countries that specialise in commodities with more stable prices (van der Ploeg and Poelhekke, 2009).…”

Section: Natural Resources and Economic Performance: Conceptual Frame...mentioning

confidence: 97%

Natural Resources, International Commodity Prices and Economic Performance in Sub-Saharan Africa (1990–2019)

Katoka

Dostal

2021

Journal of African Economies

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In this paper, we investigate the link between windfall gains and losses of income associated with commodity exports and economic performance in a panel of 45 sub-Saharan African (SSA) countries over the period from 1990 to 2019. Windfall gains and losses of income are measured in terms of fluctuations in a country-specific commodity terms of trade (CTOT) index in which each commodity is weighted by the ratio of exports of that commodity in the country’s gross domestic product (GDP). The CTOT index therefore reflects the commodity export specialisation for individual countries. The data on CTOT are taken from the International Monetary Fund. Additionally, we use changes in real GDP per capita as our SSA economic performance measure. We employ a random coefficient model that yields individual estimates for each of the countries included in the analysis. Our approach is based on the assumption that the effect of windfall gains and losses on real GDP per capita growth varies across different SSA countries. Our main conclusion can be elaborated as follows: first, natural resources have undoubtedly contributed to higher economic growth in SSA countries since 1990. Second, when SSA countries are analytically divided into two groups depending on their commodity export specialisation, we find that resource-rich countries—in particular oil rich—are the best economic growth performers during the observation period. Finally, we find that windfall gains from commodity exports are not significantly associated with increased real GDP per capita growth in most agriculture-exporting countries.

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“…Pembangunan ekonomi sangat diperlukan untuk memperkecil tingkat pengangguran (Furuoka, 2016;Jović et al, 2016;Schilpzand & de Jong, 2020). Dengan pembangunan ekonomi diharapkan laju pertumbuhan ekonomi dapat selalu dipertahanan pada tingkat yang lebih tinggi tingkat pertumbuhan penduduk, sehingga kegiatan perekonomian akan menjadi lebih luas dan selanjutnya dapat memperkecil jumlah orang yang mengganggur (Subri, 2006;(Soler et al, 2018;Bertinelli et al, 2020) Sektor pertanian sangat berperan penting dalam pembangunan ekonomi.…”

Section: Pendahuluanunclassified

Faktor – Faktor Yang Mempengaruhi Penyerapan Tenaga Kerja Pada Sektor Pertanian Di Provinsi Sulawesi Tengah

Manurung

2020

agrolandnasional

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Pembangunan ekonomi sangat diperlukan untuk memperkecil tingkat pengangguran. Sektor pertanian masih menjadi sektor yang memiliki andil dalam perekonomian. Ketenagakerjaan merupakan masalah nasional yang timbul akibat tidak adanya keseimbangan antara pertambahan jumlah tenaga kerja dari tahun ketahun dengan perkembangan jumlah lapangan usaha yang menampung tenaga kerja tersebut. Penelitian ini menganalisis tentang pengaruh inflasi, upah minimum provinsi dan PBRD Sektor Pertanian Sulawesi Tengah. Teknik analisa yang digunakan adalah analisis regresi berganda dan uji statistik. Hasil penelitian menunjukkan bahwa secara simultan inflasi, PDRB Pertanian dan upah minimum berpengaruh signifikan terhadap tenaga kerja pertanian. Hasil uji parsial t-statistik terdapat dua variabel yakni variabel upah minimum dan PDRB Sektor Pertanian secara probabilitas signifikan terhadap variabel tingkat tenaga kerja pertanian.

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Appraisal of natural resources rents and economic development

Cited by 33 publications

References 16 publications

Curse or Blessing? An Empirical Re‐examination of Natural Resource‐Growth Nexus

Curse or Blessing? An Empirical Re‐examination of Natural Resource‐Growth Nexus

Natural Resources, International Commodity Prices and Economic Performance in Sub-Saharan Africa (1990–2019)

Faktor – Faktor Yang Mempengaruhi Penyerapan Tenaga Kerja Pada Sektor Pertanian Di Provinsi Sulawesi Tengah

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