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)

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Resource curse, Economic growth, Reserves of oil endowment, Panel data set
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products; P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P28 - Natural Resources ; Energy ; Environment; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q43 - Energy and the Macroeconomy

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