The driving factors of economic growth divergence in resource-rich countries

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES Resources Policy Pub Date : 2024-08-14 DOI:10.1016/j.resourpol.2024.105258

{"title":"The driving factors of economic growth divergence in resource-rich countries","authors":"","doi":"10.1016/j.resourpol.2024.105258","DOIUrl":null,"url":null,"abstract":"<div><p>Growth divergence in resource-rich countries extends the debate over the resource curse hypothesis. The present study examines the relationship between natural resources and economic growth and its transmission channel, with panel data from 95 countries and between 1970 and 2017. It applies two different models such as Panel CS-ARDL and System-GMM to obtain a robust result of the relationship between natural resources and economic growth. The novelty of this study lies in the fact that it attempts to explain the growth divergence in resource-rich countries by examining the impact of natural resources on economic growth and its transmission channels for each per capita income group. CS-ARDL model does not confirm the results from system-GMM, which indicates the existence of resource curse for the panel of all countries. The other results from CS-ARDL support the evidence for the resource curse only in the low income countries and the blessing hypothesis in the developed ones. Low investment and poor total factor productivity are shown to be among the transmission channel of the negative impact of natural resource on economic growth in the developing country.</p></div>","PeriodicalId":20970,"journal":{"name":"Resources Policy","volume":null,"pages":null},"PeriodicalIF":10.2000,"publicationDate":"2024-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Resources Policy","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0301420724006251","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"0","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}

引用次数: 0

Abstract

Growth divergence in resource-rich countries extends the debate over the resource curse hypothesis. The present study examines the relationship between natural resources and economic growth and its transmission channel, with panel data from 95 countries and between 1970 and 2017. It applies two different models such as Panel CS-ARDL and System-GMM to obtain a robust result of the relationship between natural resources and economic growth. The novelty of this study lies in the fact that it attempts to explain the growth divergence in resource-rich countries by examining the impact of natural resources on economic growth and its transmission channels for each per capita income group. CS-ARDL model does not confirm the results from system-GMM, which indicates the existence of resource curse for the panel of all countries. The other results from CS-ARDL support the evidence for the resource curse only in the low income countries and the blessing hypothesis in the developed ones. Low investment and poor total factor productivity are shown to be among the transmission channel of the negative impact of natural resource on economic growth in the developing country.

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

资源丰富国家经济增长差异的驱动因素

资源丰富国家的增长差异扩大了关于资源诅咒假说的争论。本研究利用 1970 至 2017 年间 95 个国家的面板数据，研究了自然资源与经济增长之间的关系及其传导渠道。研究采用了两种不同的模型，如面板 CS-ARDL 模型和系统-GMM 模型，以获得自然资源与经济增长之间关系的稳健结果。这项研究的新颖之处在于，它试图通过研究自然资源对经济增长的影响及其对各人均收入组的传导渠道，来解释资源丰富国家的增长差异。CS-ARDL 模型没有证实系统-GMM 的结果，这表明所有国家的面板数据都存在资源诅咒。CS-ARDL 模型的其他结果仅支持低收入国家存在资源诅咒的证据，而支持发达国家的祝福假说。低投资和低全要素生产率被证明是自然资源对发展中国家经济增长负面影响的传导渠道之一。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文去求助

来源期刊

Resources Policy ENVIRONMENTAL STUDIES-

CiteScore

13.40

自引率

23.50%

发文量

602

审稿时长

69 days

期刊介绍： Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.