N-11 countries: Are the new victims of resource-curse?

Li, Yumei; Naqvi, Bushra; Cağlar, Ersin; Chu, Chien-Chi

doi:10.1016/j.resourpol.2020.101697

Cited by 52 publications

(7 citation statements)

References 44 publications

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“…Moreover, together with financial literacy, crowdfunding and economic growth of the developed economies, which are resource abundant will lead to financial development usually regarded as financial resource blessings (Dogan et al, 2020; Shahbaz et al, 2018) and will expand its financial inclusion base eliminating poverty from its roots. However, the literature shows that the natural resources rents have a negative impact on the financial development in emerging or third world countries which is usually called as natural resource cure (Asif et al, 2020; Guan et al, 2020; Khan et al, 2020; Li et al, 2020).…”

Section: Resultsmentioning

confidence: 99%

Bibliometric analysis of global research trends on microfinance institutions and microfinance: Suggesting new research agendas

et al. 2022

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Poverty alleviation is a global problem. To alleviate poverty, microfinancing is used through microfinance institutions. There are many publications comprising empirical and literature review articles beside others focusing on this issue. Subjectivity bias is one of the issues that is seen in the literature reviews in an area of interest. This study answers the problem based on the bibliometric analysis of microfinance, micro‐finance institutions, micro‐insurance, micro‐savings, and financial inclusion with other synonyms using the Scopus Database. This article focuses on overall historical trends, publication output, prolific authors and journals, google mapping of the world‐renowned academic institutions, and highlights the shortcoming of the Scopus database by utilizing software for the first time. We use VOSviewer, for co‐authorship analysis and our results underline the leading role of United States contribution to a greater extent, while co‐citation analysis shows emerging hotspots such as financial technology including fintech, crowdfunding, and financial literacy. We concluded limited attention from scholars towards natural‐resource revenues, financial development using fintech, and crowdfunding regarding poverty alleviation. Furthermore, for the interest of the development researchers and practitioners, we have highlighted the conceptual framework for financial development, natural resource abundance, economic growth nexus through fintech, crowdfunding, financial literacy to curb poverty as new avenues for future research agenda.

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Section: Resultsmentioning

confidence: 99%

Bibliometric analysis of global research trends on microfinance institutions and microfinance: Suggesting new research agendas

et al. 2022

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“…Consequently, natural resource rents help advance financial development, defined as the financial resource blessing (Dogan et al, 2020a ; Shahbaz et al, 2018 ). In contrast, the negative impact of natural resource rents on financial development is regarded as a natural resource curse (Asif et al, 2020 ; Guan et al, 2020 ; Khan et al, 2020c ; Li et al, 2020 ).…”

Section: Resultsmentioning

confidence: 99%

Bibliometric analysis of finance and natural resources: past trend, current development, and future prospects

Ali

Ramakrishnan

Faisal

et al. 2022

Environ Dev Sustain

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The finance and natural resources revenue nexus play a critical role in an economy. The recent development and significant increase in academic literature regarding the resource-finance nexus are the primary motivations for conducting this study. This study aims to conduct a bibliometric analysis of 363 documents published between 1976 and 2021 collected from the Scopus database. The results have been demonstrated via graphs, tables, knowledge maps about the past trends, growth, and prospects using co-occurrence, co-authorship, and co-citation analysis via the VOSviewer tool. This study has identified prolific authors, journals, countries, academic institutions, and future pathways. The findings indicate that China has the highest share of publications (88, 24.2%), followed by Pakistan (58, 15.9%) and Turkey (37, 10.2%). The most productive academic institution is the Beijing Institute of Technology in China (13, 3.6%). This study proposes new avenues for further research concerning the resource-finance nexus, such as ecological footprint, sustainability, fiscal decentralization, green investment, energy prices, environmental quality, technological innovation, financial resource curse (especially the stock market resource curse), human capital, and renewable energy in policy development and sustainability towards the achievement of the SDGs.

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“…A long-run equilibrium has been explored and found significant among the variables adopted in the study. There has been a positive relationship between technological innovations and financial development for these nations (Li et al , 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

An empirical investigation of N-11 countries as successors of BRICS using panel data modeling

Gupta

Bhatia²

2021

IJOEM

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PurposeFor more than four decades, persistent economic activities and a focused growth strategy resulted in significant infrastructural and other favorable economic and institutional changes in the world's developing nations. High-quality growth is not just a function of sound economic policies but also implementing a broad range of social policies. The BRICS (Brazil, Russia, India, China and South Africa) nations have proven their testimony on both these factors. Following their path are some other emerging economies like N-11 (or Next Eleven propounded by Goldman Sachs (2005) Report), which this present study tries to examine as successors of BRICS.Design/methodology/approachAlong with panel data regression modelling, the study has applied econometric procedures robust to heterogeneities across various nations and have been able to produce more reliable results that can be generalized for other similar groups of countries. 11 independent variables (both economic and institutional) have been used to meet the study's objective for a period of 34 years (1985–2018).FindingsThe findings of the study reveal that the governments of both the group of countries must work toward their macro-economic stability factors (external debt stocks), technological capabilities (mobile and fixed broadband subscriptions), human capital (health expenditure) and political conditions (mainly the rule of law) to enhance their sustainable economic growth.Research limitations/implicationsThis study enhances knowledge of the determinants of economic growth in emerging countries. Firms from BRICS and N-11 may better understand the factors influencing their internationalization process (both economic and institutional). The study is significant not just for the researchers but also for the policymakers of the BRICS and N-11 to understand in which areas their country is leading or lagging. The study is useful even for the policymakers of other emerging countries of the world who might take lessons from these nations (especially BRICS) and follow their success path. This study helps the governments of other groups of emerging countries such as PIN (Pakistan, Indonesia and Nigeria); MINT (Mexico, Indonesia, Nigeria and Turkey); CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa), etc. which can follow the path of BRICS economies in growth and formulate policies to increase their economic growth accordingly. At the enterprise level, it helps MNCs understand BRICS and N-11 markets and formulating entry and growth strategies in these most emerging countries of the world.Originality/valueThe present study is unique. It tries to investigate the projections of the Goldman Sachs report after 15 years of its release. It tries to determine the factors responsible for the economic development in the N-11 countries with advanced econometric techniques. Majorly, the focus is to comparatively analyze the growth trajectory for BRICS and N-11 nations and suggest whether N-11 has the potential to become successors of BRICS. A concentrated effort to examine the most significant drivers (both economic and institutional), which may lead to economic progression, has been made in this study.

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N-11 countries: Are the new victims of resource-curse?

Cited by 52 publications

References 44 publications

Bibliometric analysis of global research trends on microfinance institutions and microfinance: Suggesting new research agendas

Bibliometric analysis of global research trends on microfinance institutions and microfinance: Suggesting new research agendas

Bibliometric analysis of finance and natural resources: past trend, current development, and future prospects

An empirical investigation of N-11 countries as successors of BRICS using panel data modeling

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