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How knowledge base factors change natural resource curse to economic growth?

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  • Sepehrdoust, Hamid
  • Zamani Shabkhaneh, Saber

Abstract

The aim of this study was to examine the possible role of knowledge based components, including social, financial and technological factors in motivating economic growth of developing oil based economies. For this purpose, a panel regression model is used to analyze the data collected from oil exporting developing countries (OPEC) during the years 2000–2016. The results extracted from an econometric model showed that an increment of one percent in social development, technological improvement and financial indexes has a significant positive impact on the gross domestic product (GDP) and caused economic growth to increase by 2.8, 0.67, and 2.2% respectively in selected OPEC countries. Moreover, the impact of the variables such as labor force, fixed capital formation, net inflow foreign direct investment and total reserves has a positive impact on the GDP growth, while, the impact of percentage of military expenditure to the GDP is negative on economic growth of selected countries.

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  • Sepehrdoust, Hamid & Zamani Shabkhaneh, Saber, 2018. "How knowledge base factors change natural resource curse to economic growth?," Technology in Society, Elsevier, vol. 54(C), pages 149-154.
    • Handle: RePEc:eee:teinso:v:54:y:2018:i:c:p:149-154
    DOI: 10.1016/j.techsoc.2018.05.001
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    2. Li, ChangZheng & Razzaq, Asif & Ozturk, Ilhan & Sharif, Arshian, 2023. "Natural resources, financial technologies, and digitalization: The role of institutional quality and human capital in selected OECD economies," Resources Policy, Elsevier, vol. 81(C).
    3. Yu, Haijing & Hu, Chenpei & Xu, Bing, 2022. "Re-examining the existence of a “resource curse”: A spatial heterogeneity perspective," Journal of Business Research, Elsevier, vol. 139(C), pages 1004-1011.
    4. Yao, Xilong & Wang, Hualing & Shao, Shuai & Li, Xiaoyu & Guo, Zhi, 2022. "“Booster” or “obstacle”: Can coal capacity cut policies moderate the resource curse effect? Evidence from Shanxi (China)," Resources Policy, Elsevier, vol. 75(C).
    5. Khan, Syed Abdul Rehman & Ponce, Pablo & Yu, Zhang & Ponce, Katerine, 2022. "Investigating economic growth and natural resource dependence: An asymmetric approach in developed and developing economies," Resources Policy, Elsevier, vol. 77(C).
    6. Marques, António Cardoso & Pires, Patrícia Silva, 2019. "Is there a resource curse phenomenon for natural gas? Evidence from countries with abundant natural gas," Resources Policy, Elsevier, vol. 63(C), pages 1-1.
    7. Nguyen, Minh-Hoang & Quang-Loc, Nguyen & Nguyen, Loan & Le, Tam-Tri & Phi, Xuan-Tuan & Vuong, Quan-Hoang, 2023. "How does the knowledge accumulation process affect Vietnamese entrepreneurs’ success likelihood?," OSF Preprints tgfr5, Center for Open Science.
    8. Gai, Zhiqiang & Guo, Yunxia & Hao, Yu, 2022. "Can internet development help break the resource curse? Evidence from China," Resources Policy, Elsevier, vol. 75(C).

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