Eghbalnia, Yeganeh (2006): Natural Resource Curse: Special Experience Of The Persian Gulf States.
Download (2MB) | Preview
This paper attempts to study precisely the natural resource (oil& gas reserves) effect on economic development profile in Persian Gulf region. Health, education and political economic variables in these countries have been tested empirically as to what extent has been influenced by oil wealth. First, we will test if economic growth and development is positively changing with more level of oil and gas reserves in cross-country dataset. Second, we try to chase the oil revenue footprints by comparing development and political indicators in Persian Gulf with comparison of different subcategories of countries with non-linear correlation method. The main finding of this paper is that there is positive economic development pattern based on good performance in health and education variables in Persian Gulf countries but the sustainability of this development is a good issue to consider due to the high dependency of oil economies to a volatile source: “oil”
|Item Type:||MPRA Paper|
|Original Title:||Natural Resource Curse: Special Experience Of The Persian Gulf States|
|Keywords:||natural resource curse, oil abundant economies, growth, development, sustainable development, Human Development Index, Persian Gulf|
|Subjects:||Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q32 - Exhaustible Resources and Economic Development|
|Depositing User:||Yeganeh Eghbalnia|
|Date Deposited:||26. Apr 2010 06:20|
|Last Modified:||12. Feb 2013 13:33|
1- Alexeev, Michael and Conard, Robert. (2005). The Elusive curse of oil. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=806224
Barro, Robert J. and Martin, Xavier Sala-I. (2003). Economic Growth: Second Edition, Massachusetts, USA : The MIT press
Central Bank of Iran, Data Section, www.cbi.ir
Corden, W.M. (1984). Boom Sector and Dutch Disease Economics: Survey and Consolidation. Oxford Economic Papers 36: 362.
Daly, Herman E and Townsend, Kenneth N. (1993). VALUING THE EARTH: Economics, Ecology, Ethics. Massachusetts, USA : The MIT press http://dieoff.org/page37.htm
Energy Information Administration Report. Official Energy Statistic from US Government. http://www.eia.doe.gov/
Foster, Andrew D and Rosenzweig, Mark R. (1995). Learning by Doing and Learning from Others: Human Capital and Technical Change in Agriculture. University of Pennsylvania, in its series Home Pages with number _068. http://ideas.repec.org/p/wop/pennhp/_068.html
Gerlagh, Reyer and Papyrakis, Elissaios. (2003). Natural Resources: A Blessing or a Curse? Amsterdam, Fondazione Eni Enrico Mattei in its series Working Papers with number 2003.8. The Netherlands, Institute for Environmental Studies http://ideas.repec.org/p/fem/femwpa/2003.8.html
Gerlagh, Reyer and Papyrakis, Elissaios. (2004). The resource curse hypothesis and its transmission channels. Journal of Comparative Economics, , vol. 32, issue 1, pages 181-193
Harmon, Colm, Oosterbeek, Hessel and Walker, Ian. (2003). The Returns to Education: Microeconomics. Blackwell Publishing in its journal Journal of Economic Surveys, Vol: 17, Issue (Month): 2 (04) Pages: 115-156 56
Hausmann, Ricardo and Roberto, Rigobon. (2003). An Alternative Interpretation of the 'Resource Curse': Theory and Policy Implications. NBER Working Papers 9424, National Bureau of Economic Research
Hubbert, M. King. (1976). Exponential Growth as a Transient Phenomenon in Human History. In Margaret A. Storm, ed., Societal Issues: Scientific Viewpoints. New York: American Institute of Physics.
Torvik , Ragnar, Mehlum, Halvor and Moene, Karl Ove. (2006). Institutions and the resource curse. EconWPA in its series GE, Growth, Math methods with number 0210004. http://ideas.repec.org/p/wpa/wuwpge/0210004.html
Michaelowa, Katharina. (2000). Returns to Education in Low Income Countries: Evidence for Africa. Hamburg, Germany, Hamburg Institute for International Economics http://www.hwwa.de/Projects/Res_Programmes/RP/Development_Processes/VfS _EL_2000_Rev2.pdf
Mincer, Jacob. (1974). Schooling, Experience, and Earnings. Studies in Human Behavior and Social Institutions No. 2, University Microfilms. National Bureau of Economic
Psacharopoulos, George and Patrinos, Harry Anthony. (2002). Returns to investment in education: a further update. Policy Research Working Paper Series 2881, the World Bank. 2002.
Ramsey, F. P. (1928). A Mathematical Theory of Saving. The Economic Journal © 1928 Royal Economic Society, Vol. XXXVIII, No. 152, p.  of 543-559. http://www.jstor.org/view/00130133/di983257/98p0662e/0
Romer, Paul M. (1986), Increasing Returns and Long-run Growth, Journal of Political Economy University of Chicago Press, vol. 94(5) 57
Sachs, Jeffrey D and Warner, Andrew M. (1997). Natural Resource Abundance and Economic Growth. Center for International Development and Harvard Institute for International Development, Harvard University, Cambridge MA
Sachs, Jeffrey D and Warner, Andrew M. (2001). The curse of natural resources. provided by Elsevier in its journal European Economic Review, Volume: 45 Issue (Month): 4-6 (May) Pages: 827-838
Stijns, Jean- Phillippe. (2001). Natural Resource Abundance and Human Capital Accumulation. EconWPA in its series Development and Comp Systems with number 0112001
Stijns, Jean- Phillippe. (2001). Natural Resource Abundance and Human Capital Accumulation. EconWPA in its series Development and Comp Systems with number 0112001- http://www.economics.neu.edu/papers/documents/04- 006.pdf#search=%22natural%20resource%20curse%20human%20capital%20acc umulation%22
Stijns, Jean- Phillippe. (2006). Natural Resource Abundance and Human Capital Accumulation. Elsevier, World development Vol. 34, No. 6. pp. 1060-1083
UNDP. Human Development Report 2005, http://hdr.undp.org/
Weil, David N. (2005). Accounting for the effect of the health on economic growth. National Bureau of Economic Research, Inc in its series NBER Working Papers with number 11455.
World Bank data set - Data and Research, Classification of Economies, http://econ.worldbank.org/
Wrigley, Edward A. (1988). Continuity, Chance and Change, Cambridge, UK, Cambridge University Press, 1988