Oil and Gas Resources of the Middle East and North Africa: a Curse or a Blessing?

Aoun, Marie-Claire

doi:10.1057/9780230242234_6

Cited by 6 publications

(1 citation statement)

References 13 publications

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“…Birdsall and Arvind (2004) found that the countries have largely escaped the natural resource curse. However, other studies do point towards a relatively slow growth in the resource-rich middle eastern countries (see Auty (2004); Aoun (2009); Arezki and Nabli (2012); and Ben Ali et al (2016)). However, most of these studies are cross country studies and considered natural resource quantity rather than resource volatility.…”

Section: Literature Reviewmentioning

confidence: 97%

Natural Resources Volatility and Economic Growth: Evidence from the Resource-Rich Region

Hayat¹,

Tahir

2021

JRFM

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This research paper investigates the impact of natural resources volatility on economic growth. The paper focused on three resource-rich economies, namely, UAE, Saudi Arabia, and Oman. Using data from 1970 to 2016 and employing the autoregressive distributed lag (ARDL) cointegration approach, we found that both natural resources and their volatility matter from the perspective of growth. The study found strong evidence in favor of a positive and statistically significant relationship between natural resources and economic growth for the economies of UAE and Saudi Arabia. Similarly, for the economy of Oman, a positive but insignificant relationship is observed between natural resources and economic growth. However, we found that the volatility of natural resources has a statistically significant negative impact on the economic growth of all three economies. This study contradicts the traditional concept of the resources curse and provides evidence of the resources curse in the form of a negative impact of volatility on economic growth.

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Section: Literature Reviewmentioning

confidence: 97%

Natural Resources Volatility and Economic Growth: Evidence from the Resource-Rich Region

Hayat¹,

Tahir

2021

JRFM

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Sustainability Challenges in Oil and Gas Development in the Middle East and North Africa

Rana

Vinoba

AlHumaidan

2017

Curr Sustainable Renewable Energy Rep

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An empirical analysis of the social contract in the Middle East and North Africa region and the role of digitalization in its transformation

Gasmi,

Kouakou,

Noumba Um

et al. 2024

Econ of Transit and Inst Chang

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This paper presents an empirical analysis of the social contract (SC) in MENA based on a simple model synthesizing three main characteristics of a SC linking governments and citizens: Participation, Protection, and Provision. Using this 3‐P framework, we focus on the role of provision and protection in determining citizen participation, a question that drew much attention following the recent economic and social developments in MENA. We compare our characterization of the SC in MENA and Organisation for Economic Co‐operation and Development (OECD) countries and find robust empirical evidence that, in MENA, the benefits provided to citizens through improved delivery of basic services have come at the cost of impaired participation. We also find that digital transformation, a potential channel through which the SC may improve, has an inversely U‐shaped effect suggesting that institutional changes are called for in MENA countries before their SC is comparable to that of OECD countries.

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Oil and Gas Resources of the Middle East and North Africa: a Curse or a Blessing?

Cited by 6 publications

References 13 publications

Natural Resources Volatility and Economic Growth: Evidence from the Resource-Rich Region

Natural Resources Volatility and Economic Growth: Evidence from the Resource-Rich Region

Sustainability Challenges in Oil and Gas Development in the Middle East and North Africa

An empirical analysis of the social contract in the Middle East and North Africa region and the role of digitalization in its transformation

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