IDEAS home Printed from https://ideas.repec.org/a/wsi/jicepx/v14y2023i03ns1793993323500175.html
   My bibliography  Save this article

The Conditional Curse, a Missing Dimension of the Oil Curse — Economic Sanctions Channel in a Petrostate Economy: A Curse or a Blessing

Author

Listed:
  • Basem Ertimi

    (Faculty of Economics, University of Zawia, Zawia, P.O. Box 16418, Libya)

  • Tamat Sarmidi

    (��UKM-Graduate School of Business, Faculty of Economics and Management, Universiti Kebangsaan Malaysia, 43600 UKM Bangi, Selangor Darul Ehsan, Malaysia)

  • Malik Cahyadin

    (��Universitas Sebelas Maret, Jalan Ir. Sutami 36 Kentingan Jebres, Surakarta 57126, Jawa Tengah, Indonesia)

  • Basem Oqab

    (Faculty of Economics, University of Zawia, Zawia, P.O. Box 16418, Libya)

Abstract

This paper seeks to expand the concept of a contractual natural resource curse and suggests another channel that may not be addressed as one of the resource curse channels in petrostate countries since there remains little understanding of the Resource Curse Hypothesis (RCH), by which economic sanctions bring a new manifestation and shape the prospect of international economic relations. A sample of 21 petrostate economies is investigated over 1995–2018. The empirical results show a symptom of the oil curse from a new transmission channel under the international relations arena. This result supports our argument that the interactive relationship between sanctions and oil dependence affects sanctioned countries’ economic growth. Transmission channels determine whether natural resources are either a curse or a blessing. Our study found evidence supporting the concept of the oil resource curse taking place through economic sanctions. Hence, the presence of such a negative link casts new light on the debate concerning the influence of natural resource/oil resource curse on the international relations–growth nexus. Policy research needs to be conducted in understanding and mitigating the resource curse.

Suggested Citation

  • Basem Ertimi & Tamat Sarmidi & Malik Cahyadin & Basem Oqab, 2023. "The Conditional Curse, a Missing Dimension of the Oil Curse — Economic Sanctions Channel in a Petrostate Economy: A Curse or a Blessing," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 14(03), pages 1-37, October.
    • Handle: RePEc:wsi:jicepx:v:14:y:2023:i:03:n:s1793993323500175
    DOI: 10.1142/S1793993323500175
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S1793993323500175
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S1793993323500175?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:jicepx:v:14:y:2023:i:03:n:s1793993323500175. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/jicep/jicep.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.