Does the rent of natural resources gear up or slow down the economy? An ARDL bound testing approach in Bangladesh

Islam, Md. Mominul; Abbasi, Al Amin Al; Dey, Subroto

doi:10.1007/s13563-022-00300-y

Cited by 3 publications

(2 citation statements)

References 21 publications

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“…Along the same line, many recent studies found a negative impact of NRRs on GDP growth ( Sha, 2023 ; Ze et al, 2023 ; Safdar, Khan & Andlib, 2022 ; Hordofa et al, 2022 ). However, some recent literature has also corroborated the positive effect of NRRs on GDP growth ( Ben-Salha, Dachraoui & Sebri, 2021 ; Islam, Al Abbasi & Dey, 2023 ). Furthermore, Yu (2023) has reported mixed effects of NRRs on GDP growth in the alternative investigated countries.…”

Section: Introductionmentioning

confidence: 89%

“…Moreover, urbanization can also increase CO 2 emissions due to the increasing consumption of energy-intensive products in urban areas ( Shukla & Parikh, 1992 ). Natural resource rents could be a blessing by increasing the GDP of resource-rich countries ( Islam, Al Abbasi & Dey, 2023 ; Ben-Salha, Dachraoui & Sebri, 2021 ). Alternatively, natural resources can be a curse as explained by Dutch Disease ( Sachs & Warner, 1995 ; Meadows et al, 1972 ), and can reduce economic growth in resource-rich countries ( Sha, 2023 ; Ze et al, 2023 ; Safdar, Khan & Andlib, 2022 ).…”

Section: Methodsmentioning

confidence: 99%

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Spatial effects of trade, foreign direct investment (FDI), and natural resource rents on carbon productivity in the GCC region

Mahmood

2023

PeerJ

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Background Natural resource rents (NRRs) may determine the environment and economic growth of the GCC countries due to their over-reliance on the natural resource sector. NRRs are the source of income in resource-abundant GCC countries. So, increasing income of these countries could pollute the environment by increasing overall economic activities. Consequently, NRRs could determine carbon productivity in the GCC region through increasing income and carbon emissions. Methods The effects of trade openness (TO), foreign direct investment (FDI), urbanization, and oil and natural gas rents on carbon productivity (CP) are examined in the GCC region from 1980–2021 using the spatial Durbin model. Results The CP of the GCC countries has spillovers in their neighboring countries. Oil rent reduces carbon productivity in domestic economies and the entire GCC region. Natural gas rent, TO, and FDI increase, and urbanization reduces carbon productivity in neighboring economies and the entire GCC region. Moreover, urbanization reduces carbon productivity in domestic economies as well. The study recommends the GCC countries to reduce reliance on oil rent and increase globalization in terms of TO and FDI in the region to promote carbon productivity. Moreover, GCC countries should also focus more on natural gas rent instead of oil rent to raise carbon productivity.

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