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The Impact of Institutional Quality on Relation between Resource Abundance and Economic Growth

Author

Listed:
  • Asghar Mobarak

    (Master of Economics)

  • Ali Karshenasan

    (Assistant Professor of University Lorestan)

Abstract

This paper investigates the impact of institutional quality on relation between resource abundance and economic growth in major oil exporting countries by using panel data during period of 1996-2007. The research found that in the countries under study, institutional quality has a positive impact on economic growth, but resource abundance affected economic growth inversely. Meanwhile, natural resource abundance caused economic growth to be decreased.

Suggested Citation

  • Asghar Mobarak & Ali Karshenasan, 2012. "The Impact of Institutional Quality on Relation between Resource Abundance and Economic Growth," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 17(2), pages 95-110, spring.
    • Handle: RePEc:eut:journl:v:17:y:2012:i:2:p:95
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    References listed on IDEAS

    as
    1. James L. Butkiewicz & Halit Yanikkaya, 2007. "Minerals, Openness, Institutions and Growth: An Empirical Analysis," Working Papers 07-04, University of Delaware, Department of Economics.
    2. Ding, Ning & Field, Barry C., 2004. "Natural Resource Abundance And Economic Growth," Working Paper Series 14531, University of Massachusetts, Amherst, Department of Resource Economics.
    3. Atkinson, Giles & Hamilton, Kirk, 2003. "Savings, Growth and the Resource Curse Hypothesis," World Development, Elsevier, vol. 31(11), pages 1793-1807, November.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. M. Ajide, Folorunsho & A. A. Soyemi, Kenny, 2022. "Oil rent, entrepreneurial start-ups, and institutional quality: Insights from African oil-rich countries," Working Papers 20, Department of Economics, University of Ilorin.
    2. Alssadek, Marwan & Benhin, James, 2023. "Natural resource curse: A literature survey and comparative assessment of regional groupings of oil-rich countries," Resources Policy, Elsevier, vol. 84(C).
    3. Nhlangwini, Pamela & Mongale, Itumeleng Pleasure, 2019. "Mining Production and Economic Growth Nexus," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 53(3), pages 103-116.
    4. Fakhri J. Hasanov & Muhammad Javid & Frederick L. Joutz, 2022. "Saudi Non-Oil Exports before and after COVID-19: Historical Impacts of Determinants and Scenario Analysis," Sustainability, MDPI, vol. 14(4), pages 1-38, February.
    5. Albassam, Bassam A., 2015. "Economic diversification in Saudi Arabia: Myth or reality?," Resources Policy, Elsevier, vol. 44(C), pages 112-117.

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