Natural resources, rent seeking and economic development. An analysis of the resource curse hypothesis for Iran

Dell’Anno, Roberto; Maddah, Majid

doi:10.1080/17520843.2020.1806093

Cited by 11 publications

(2 citation statements)

References 64 publications

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“…The inclusion of oil resource dependence among the control variables is considered necessary in this study given its dominant economic and political role in influencing economic activities and the distribution of public goods in oil-dependent economies. A huge body of literature hint that oil resource inspires a considerable rent-seeking behaviour amongst rival economic agents which shape economic actions of different institutions by altering the production and allocation of public goods in a country (Dell'Anno and Maddah, 2022;Oduyemi et al, 2021;Fuinhas et al, 2015 andSala-i-Martin andSubramanian, 2003).…”

Section: Data Description and Definition Of Variablesmentioning

confidence: 99%

Political Environment and the Use of Energy Resources in Nigeria

Agbanike

Chukwu

Eteng

et al. 2022

IJEEP

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This study examines the dynamic relationship between political environment and the use of energy resources in Nigeria covering the period from 1978-2017 using the autoregressive distributed lag (ARDL) bounds testing approach. The results reveal that democracy has a significant long run and short run positive influence on energy consumption in Nigeria. However, the positive effect decreases significantly with an increase in the level of oil dependence in the short run. The results of this study in general support the view that high dependence of political democratic structures on oil wealth influences the positive effects of democracy in making public goods available in developing net oil-exporting economies. Economic diversification in Nigeria may therefore require formulating policies that will enhance access to clean energy sources in the economy.

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Section: Data Description and Definition Of Variablesmentioning

confidence: 99%

Political Environment and the Use of Energy Resources in Nigeria

Agbanike

Chukwu

Eteng

et al. 2022

IJEEP

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“…In reality, holding every aspect that affects capital flows is impossible due to the resource curse in Africa. This research is based on the resources curse theory, which state that resource-rich nations have slower economic growth than resource-poor ones [3][4][5][6][7][8][9][10].…”

Section: Introductionmentioning

confidence: 99%

The Role of Natural Resources Endowment in the African Economies’ Economic Growth-Capital Flows Nexus

Sini

Abdul‐Rahim

Sulaiman

2022

IOP Conf. Ser.: Earth Environ. Sci.

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This article examines the role of natural resource endowment in the economic growth-capital flows nexus in African economies. Utilizing the system generalized method of moments (GMM) approach and Westerlund regression approaches suitable for cointegration estimation of panel data, from 54 African countries over the time frame from 2012 to 2020. Considering the joint influence of natural resource and flows of capital on economic growth. We found that there is a resource threshold beyond which natural resources either amplify or mitigate the effects of capital flows on growth in the continent. For example, in order for capital flows to have a positive long-run influence on economic growth in African countries, natural resource rent levels must be at least 2.04 turning point (threshold). This means, the positive impact of capital flow on economic growth dependent on natural resources extractions in African countries. Finally, human capital has significant long-term spill-over impact on economic growth in African economies based on the results of Westerlund cointegration tests, and with a marginal effect of 9.67 threshold as obtained using system GMM. Thus, policymakers should focus on strategies and policies aimed at developing human capital in the continent to reduce the continent’s high level of reliance on natural resource extraction which will subsequently leads to protection of the environment from degradation.

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