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The relationship between reserves of oil endowment and economic growth from the resource curse viewpoint: a case study of oil producing countries

Mohammadi, Teymour and Jahangard, Fateme and Khani Hoolari, Seyed Morteza (2014): The relationship between reserves of oil endowment and economic growth from the resource curse viewpoint: a case study of oil producing countries. Forthcoming in: Journal of Applied Science and Agriculture (June 2014)

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Abstract

This research investigated the effective economic growth determinants using a panel data set over the period 1995 to 2010 in oil-rich countries divided by the level of democracy into two groups: countries with low and high democracy. The result of OLS method rejects the curse hypothesis; however, TSLS method reveals the reserves of oil endowment has a negative effect on economic growth of low democracy countries and the curse hypothesis is approved.

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