IDEAS home Printed from https://ideas.repec.org/a/eee/jrpoli/v77y2022ics0301420722001969.html
   My bibliography  Save this article

Revisiting economic and non-economic indicators of natural resources: Analysis of developed economies

Author

Listed:
  • Liang, Jinhao
  • Razzaq, Asif
  • Sharif, Arshian
  • Irfan, Muhammad

Abstract

The determining factors of natural resource volatility are crucial to its practical implication. Although there are numerous factors and indicators of natural resources volatility.However, the most important indicators are yet to explore in case of the developed nations. Unlike other studies, this study investigates various impactful economic and non economic indicators of natural resources in the group of seven economies. From 1990 to 2020, this study employs various econometric techniques, slope coefficient heterogeneity, cross-section dependence, second-generation unit root, and cointegration test. Whereas augmented mean group and the mean group estimators are used as long-run estimators. Specifically, this study uses GDP, energy-related inflation, globalization, and human capital index as a set of explanatory variables. The empirical outcomes demonstrate all the study variables are cointegrated. Also, three variables: GDP, energy-related inflation, and human capital, are significantly and positively associated with natural resources volatility. Where an increase in each of these variables substantially promotes natural resources. In contrast, globalization is negatively associated with natural resources volatility. These results are robust, as confirmed by the fully modified ordinary least square, dynamic ordinary least square, and common correlated effect mean group. Following empirical findings, this study commends policies regarding the regulation of energy-related inflation, revising policies regarding globalization, and enhancing human capital such as education and technical skills to enhance natural resources rents.

Suggested Citation

  • Liang, Jinhao & Razzaq, Asif & Sharif, Arshian & Irfan, Muhammad, 2022. "Revisiting economic and non-economic indicators of natural resources: Analysis of developed economies," Resources Policy, Elsevier, vol. 77(C).
    • Handle: RePEc:eee:jrpoli:v:77:y:2022:i:c:s0301420722001969
    DOI: 10.1016/j.resourpol.2022.102748
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301420722001969
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.resourpol.2022.102748?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.

    References listed on IDEAS

    as
    1. Muhammad Umar & Xiangfeng Ji & Dervis Kirikkaleli & Muhammad Shahbaz & Xuemei Zhou, 2020. "Environmental cost of natural resources utilization and economic growth: Can China shift some burden through globalization for sustainable development?," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(6), pages 1678-1688, November.
    2. Khan, Zeeshan & Ali, Shahid & Dong, Kangyin & Li, Rita Yi Man, 2021. "How does fiscal decentralization affect CO2 emissions? The roles of institutions and human capital," Energy Economics, Elsevier, vol. 94(C).
    3. Havranek, Tomas & Horvath, Roman & Zeynalov, Ayaz, 2016. "Natural Resources and Economic Growth: A Meta-Analysis," World Development, Elsevier, vol. 88(C), pages 134-151.
    4. Sun, Yanpeng & Ak, Aysegul & Serener, Berna & Xiong, Deping, 2020. "Natural resource abundance and financial development: A case study of emerging seven (E−7) economies," Resources Policy, Elsevier, vol. 67(C).
    5. Xavier Sala-i-Martin & Arvind Subramanian, 2013. "Addressing the Natural Resource Curse: An Illustration from Nigeria," Journal of African Economies, Centre for the Study of African Economies, vol. 22(4), pages 570-615, August.
    6. Guan, Jialin & Kirikkaleli, Dervis & Bibi, Ayesha & Zhang, Weike, 2020. "Natural resources rents nexus with financial development in the presence of globalization: Is the “resource curse” exist or myth?," Resources Policy, Elsevier, vol. 66(C).
    7. M. Hashem Pesaran, 2021. "General diagnostic tests for cross-sectional dependence in panels," Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
    8. Hashem Pesaran, M. & Yamagata, Takashi, 2008. "Testing slope homogeneity in large panels," Journal of Econometrics, Elsevier, vol. 142(1), pages 50-93, January.
    9. Muhamad, Goran M. & Heshmati, Almas & Khayyat, Nabaz T., 2021. "How to reduce the degree of dependency on natural resources?," Resources Policy, Elsevier, vol. 72(C).
    10. Joakim Westerlund, 2007. "Testing for Error Correction in Panel Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 69(6), pages 709-748, December.
    11. Adam Lampert, 2019. "Over-exploitation of natural resources is followed by inevitable declines in economic growth and discount rate," Nature Communications, Nature, vol. 10(1), pages 1-10, December.
    12. Zaidi, Syed Anees Haider & Wei, Zixiang & Gedikli, Ayfer & Zafar, Muhammad Wasif & Hou, Fujun & Iftikhar, Yaser, 2019. "The impact of globalization, natural resources abundance, and human capital on financial development: Evidence from thirty-one OECD countries," Resources Policy, Elsevier, vol. 64(C).
    13. Badeeb, Ramez Abubakr & Lean, Hooi Hooi & Clark, Jeremy, 2017. "The evolution of the natural resource curse thesis: A critical literature survey," Resources Policy, Elsevier, vol. 51(C), pages 123-134.
    14. Francis Teal & Markus Eberhardt, 2010. "Productivity Analysis in Global Manufacturing Production," Economics Series Working Papers 515, University of Oxford, Department of Economics.
    15. Atil, Ahmed & Nawaz, Kishwar & Lahiani, Amine & Roubaud, David, 2020. "Are natural resources a blessing or a curse for financial development in Pakistan? The importance of oil prices, economic growth and economic globalization," Resources Policy, Elsevier, vol. 67(C).
    16. Thorvaldur Gylfason & Gylfi Zoega, 2006. "Natural Resources and Economic Growth: The Role of Investment," The World Economy, Wiley Blackwell, vol. 29(8), pages 1091-1115, August.
    17. Eberhardt, Markus & Teal, Francis, 2008. "Modeling technology and technological change in manufacturing: how do countries differ?," MPRA Paper 10690, University Library of Munich, Germany.
    18. Xie, Mingting & Irfan, Muhammad & Razzaq, Asif & Dagar, Vishal, 2022. "Forest and mineral volatility and economic performance: Evidence from frequency domain causality approach for global data," Resources Policy, Elsevier, vol. 76(C).
    19. Frederick van der Ploeg & Steven Poelhekke, 2009. "Volatility and the natural resource curse," Oxford Economic Papers, Oxford University Press, vol. 61(4), pages 727-760, October.
    20. Amiri, Hossein & Samadian, Farzaneh & Yahoo, Masoud & Jamali, Seyed Jafar, 2019. "Natural resource abundance, institutional quality and manufacturing development: Evidence from resource-rich countries," Resources Policy, Elsevier, vol. 62(C), pages 550-560.
    21. Ahmad, Mahmood & Jiang, Ping & Majeed, Abdul & Umar, Muhammad & Khan, Zeeshan & Muhammad, Sulaman, 2020. "The dynamic impact of natural resources, technological innovations and economic growth on ecological footprint: An advanced panel data estimation," Resources Policy, Elsevier, vol. 69(C).
    22. Umer Shahzad & Magdalena Radulescu & Syed Rahim & Cem Isik & Zahid Yousaf & Stefan Alexandru Ionescu, 2021. "Do Environment-Related Policy Instruments and Technologies Facilitate Renewable Energy Generation? Exploring the Contextual Evidence from Developed Economies," Energies, MDPI, vol. 14(3), pages 1-25, January.
    23. Thorvaldur Gylfason, 2006. "Natural Resources and Economic Growth: From Dependence to Diversification," Springer Books, in: Harry G. Broadman & Tiiu Paas & Paul J.J. Welfens (ed.), Economic Liberalization and Integration Policy, pages 201-231, Springer.
    24. Pesaran, M. Hashem & Smith, Ron, 1995. "Estimating long-run relationships from dynamic heterogeneous panels," Journal of Econometrics, Elsevier, vol. 68(1), pages 79-113, July.
    25. M. Hashem Pesaran, 2007. "A simple panel unit root test in the presence of cross-section dependence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(2), pages 265-312.
    26. Arshad Hayat & Muhammad Tahir, 2021. "Natural Resources Volatility and Economic Growth: Evidence from the Resource-Rich Region," JRFM, MDPI, vol. 14(2), pages 1-17, February.
    27. Çoban, Serap & Topcu, Mert, 2013. "The nexus between financial development and energy consumption in the EU: A dynamic panel data analysis," Energy Economics, Elsevier, vol. 39(C), pages 81-88.
    28. Lingui Qin & Syed Raheem & Muntasir Murshed & Xu Miao & Zeeshan Khan & Dervis Kirikkaleli, 2021. "Does financial inclusion limit carbon dioxide emissions? Analyzing the role of globalization and renewable electricity output," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(6), pages 1138-1154, November.
    29. Majeed, Abdul & Wang, Lijun & Zhang, Xiaohui & Muniba, & Kirikkaleli, Dervis, 2021. "Modeling the dynamic links among natural resources, economic globalization, disaggregated energy consumption, and environmental quality: Fresh evidence from GCC economies," Resources Policy, Elsevier, vol. 73(C).
    30. Ahmed Atil & Kishwar Nawaz & Amine Lahiani & David Roubaud, 2020. "Are natural resources a blessing or a curse for financial development in Pakistan? The importance of oil prices, economic growth and economic globalization," Post-Print hal-03676031, HAL.
    31. Chengyi Tu & Samir Suweis & Paolo D’Odorico, 2019. "Impact of globalization on the resilience and sustainability of natural resources," Nature Sustainability, Nature, vol. 2(4), pages 283-289, April.
    32. Brunnschweiler, Christa N., 2008. "Cursing the Blessings? Natural Resource Abundance, Institutions, and Economic Growth," World Development, Elsevier, vol. 36(3), pages 399-419, March.
    33. Chen, Ruoyu & Iqbal, Najaf & Irfan, Muhammad & Shahzad, Farrukh & Fareed, Zeeshan, 2022. "Does financial stress wreak havoc on banking, insurance, oil, and gold markets? New empirics from the extended joint connectedness of TVP-VAR model," Resources Policy, Elsevier, vol. 77(C).
    34. Asif, Muhammad & Khan, Khan Burhan & Anser, Muhammad Khalid & Nassani, Abdelmohsen A. & Abro, Muhammad Moinuddin Qazi & Zaman, Khalid, 2020. "Dynamic interaction between financial development and natural resources: Evaluating the ‘Resource curse’ hypothesis," Resources Policy, Elsevier, vol. 65(C).
    35. Murillo Campello & Antonio F. Galvao & Ted Juhl, 2019. "Testing for Slope Heterogeneity Bias in Panel Data Models," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 37(4), pages 749-760, October.
    36. Tang, Chang & Irfan, Muhammad & Razzaq, Asif & Dagar, Vishal, 2022. "Natural resources and financial development: Role of business regulations in testing the resource-curse hypothesis in ASEAN countries," Resources Policy, Elsevier, vol. 76(C).
    37. Shahbaz, Muhammad & Destek, Mehmet Akif & Dong, Kangyin & Jiao, Zhilun, 2021. "Time-varying impact of financial development on carbon emissions in G-7 countries: Evidence from the long history," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    38. Fang, Zhen & Razzaq, Asif & Mohsin, Muhammad & Irfan, Muhammad, 2022. "Spatial spillovers and threshold effects of internet development and entrepreneurship on green innovation efficiency in China," Technology in Society, Elsevier, vol. 68(C).
    39. Balsalobre-Lorente, Daniel & Ibáñez-Luzón, Lucia & Usman, Muhammad & Shahbaz, Muhammad, 2022. "The environmental Kuznets curve, based on the economic complexity, and the pollution haven hypothesis in PIIGS countries," Renewable Energy, Elsevier, vol. 185(C), pages 1441-1455.
    40. Zhao, Jun & Shahbaz, Muhammad & Dong, Xiucheng & Dong, Kangyin, 2021. "How does financial risk affect global CO2 emissions? The role of technological innovation," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    41. Ma, Qiang & Zhang, Mei & Ali, Sher & Kirikkaleli, Dervis & Khan, Zeeshan, 2021. "Natural resources commodity prices volatility and economic performance: Evidence from China pre and post COVID-19," Resources Policy, Elsevier, vol. 74(C).
    42. Sun, Yunpeng & Guan, Weimin & Razzaq, Asif & Shahzad, Mohsin & Binh An, Nguyen, 2022. "Transition towards ecological sustainability through fiscal decentralization, renewable energy and green investment in OECD countries," Renewable Energy, Elsevier, vol. 190(C), pages 385-395.
    43. Jahanger, Atif & Usman, Muhammad & Murshed, Muntasir & Mahmood, Haider & Balsalobre-Lorente, Daniel, 2022. "The linkages between natural resources, human capital, globalization, economic growth, financial development, and ecological footprint: The moderating role of technological innovations," Resources Policy, Elsevier, vol. 76(C).
    44. Khan, Zeeshan & Hussain, Muzzammil & Shahbaz, Muhammad & Yang, Siqun & Jiao, Zhilun, 2020. "Natural resource abundance, technological innovation, and human capital nexus with financial development: A case study of China," Resources Policy, Elsevier, vol. 65(C).
    45. Usman, Muhammad & Balsalobre-Lorente, Daniel, 2022. "Environmental concern in the era of industrialization: Can financial development, renewable energy and natural resources alleviate some load?," Energy Policy, Elsevier, vol. 162(C).
    46. Francesco Caselli & Tom Cunningham, 2009. "Leader behaviour and the natural resource curse," Oxford Economic Papers, Oxford University Press, vol. 61(4), pages 628-650, October.
    47. Yang, Chuxiao & Hao, Yu & Irfan, Muhammad, 2021. "Energy consumption structural adjustment and carbon neutrality in the post-COVID-19 era," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 442-453.
    48. Razzaq, Asif & An, Hui & Delpachitra, Sarath, 2021. "Does technology gap increase FDI spillovers on productivity growth? Evidence from Chinese outward FDI in Belt and Road host countries," Technological Forecasting and Social Change, Elsevier, vol. 172(C).
    49. Sun, Li & Wang, Yang, 2021. "Global economic performance and natural resources commodity prices volatility: Evidence from pre and post COVID-19 era," Resources Policy, Elsevier, vol. 74(C).
    50. Caselli, Francesco & Cunningham, Tom, 2009. "Leader behavior and the natural resource curse," LSE Research Online Documents on Economics 25430, London School of Economics and Political Science, LSE Library.
    51. Khan, Zeeshan & Ali, Muhsin & Jinyu, Liu & Shahbaz, Muhammad & Siqun, Yang, 2020. "Consumption-based carbon emissions and trade nexus: Evidence from nine oil exporting countries," Energy Economics, Elsevier, vol. 89(C).
    52. Islam, Md. Monirul & Irfan, Muhammad & Shahbaz, Muhammad & Vo, Xuan Vinh, 2022. "Renewable and non-renewable energy consumption in Bangladesh: The relative influencing profiles of economic factors, urbanization, physical infrastructure and institutional quality," Renewable Energy, Elsevier, vol. 184(C), pages 1130-1149.
    53. Sachs, Jeffrey D. & Warner, Andrew M., 2001. "The curse of natural resources," European Economic Review, Elsevier, vol. 45(4-6), pages 827-838, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sun, Yanlei & Wang, Siyao & Xing, Zhanlei, 2023. "Do international trade diversification, intellectual capital, and renewable energy transition ensure effective natural resources management in BRICST region," Resources Policy, Elsevier, vol. 81(C).
    2. Zhang, Chenjing & Yang, Siyue & Yan, Borui & Wang, Mancang, 2023. "Mitigating natural resource depletion and enterprise resource risk: How does inclusive digital finance supports green recovery?," Resources Policy, Elsevier, vol. 87(PA).
    3. Cao, Bing & Biqing, li & li, Jiaying & Hafeez, Muhammad, 2023. "An assessment of resource curse hypothesis for Chinese economy," Resources Policy, Elsevier, vol. 87(PB).
    4. Xia, Wanjun & Murshed, Muntasir & Khan, Zeeshan & Chen, Zhenling & Ferraz, Diogo, 2022. "Exploring the nexus between fiscal decentralization and energy poverty for China: Does country risk matter for energy poverty reduction?," Energy, Elsevier, vol. 255(C).
    5. Feng, Chen-Yu & Yang, Xiaodong & Afshan, Sahar & Irfan, Muhamamd, 2023. "Can renewable energy technology innovation promote mineral resources’ green utilization efficiency? Novel insights from regional development inequality," Resources Policy, Elsevier, vol. 82(C).
    6. Aladejare, Samson Adeniyi, 2023. "Economic prosperity, asymmetric natural resource income, and ecological demands in resource-reliant economies," Resources Policy, Elsevier, vol. 82(C).
    7. Zhu, Ruikun & Xu, Qi & Xiqiang, Xia & Sibt-e-Ali, Muhammad & Waqas, Muhammad & Ullah, Irfan & Anwar, Ahsan, 2024. "Role of resources rent, research and development, and information and communication technologies on CO2 emissions in BRICS economies," Resources Policy, Elsevier, vol. 93(C).
    8. Zhu, Xiaoge & Niu, Xiaoqin, 2024. "Impact of fintech, mineral resources extraction, and globalization on social inequality: Exploring the role of technology innovation in G10 economies," Resources Policy, Elsevier, vol. 89(C).
    9. Yu, Donglei & Wenhui, Xiong & Anser, Muhammad Khalid & Nassani, Abdelmohsen A. & Imran, Muhammad & Zaman, Khalid & Haffar, Mohamed, 2023. "Navigating the global mineral market: A study of resource wealth and the energy transition," Resources Policy, Elsevier, vol. 82(C).
    10. Geng, Yaxin & Rao, Pinyang & Sharif, Arshian, 2022. "Natural resource management and ecological sustainability: Dynamic role of social disparity and human development in G10 Economies," Resources Policy, Elsevier, vol. 79(C).
    11. Li, Ying & Tariq, Muhammad & Khan, Saleem & Rjoub, Husam & Azhar, Aisha, 2022. "Natural resources rents, capital formation and economic performance: Evaluating the role of globalization," Resources Policy, Elsevier, vol. 78(C).
    12. Zou, Qizhi & Wu, Qian & Wang, Jia, 2024. "Is natural resources curse possible under the digitalization? A loon on top digitalized economies," Resources Policy, Elsevier, vol. 92(C).
    13. Xie, Bofeng & Rehman, Mubeen Abdur & Zhang, Junyan & Yang, Runze, 2022. "Does the financialization of natural resources lead toward sustainability? An application of advance panel Granger non-causality," Resources Policy, Elsevier, vol. 79(C).
    14. Liu, Xuan & Qian, Kaihao & Huo, Xuexi & Li, Shanhong & Wu, Qingyang, 2024. "The impact of digital government on natural resource utilization efficiency," Resources Policy, Elsevier, vol. 93(C).
    15. Irfan, Muhammad & Abdur Rehman, Mubeen & Liu, Xuemei & Razzaq, Asif, 2022. "Interlinkages between mineral resources, financial markets, and sustainable energy sources: Evidence from minerals exporting countries," Resources Policy, Elsevier, vol. 79(C).
    16. Liao, Haojie & Wei, Yi & Ali, Dr Sher & Uktamov, Khusniddin Fakhriddinovich & Ali, Naveed, 2023. "Natural resources extraction and industrial expansion: Natural resources a curse or blessing for the industrial sector of China?," Resources Policy, Elsevier, vol. 85(PB).
    17. Li, Jun & He, Wei & Li, Guilong, 2024. "Natural resources, economic complexity and growth nexus: Role of digital governance in addressing the resource curse," Resources Policy, Elsevier, vol. 92(C).
    18. Xiao, Anran & Xu, Zeshui & Qin, Yong & Lv, Shengnan & Skare, Marinko, 2023. "The impact of natural resources on technology innovation from cross-country panel data: A comparative analysis and policy-level insights," Resources Policy, Elsevier, vol. 85(PB).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Khan, Arshad Ahmad & Luo, Jianchao & Safi, Adnan & Khan, Sufyan Ullah & Ali, Muhammad Abu Sufyan, 2022. "What determines volatility in natural resources? Evaluating the role of political risk index," Resources Policy, Elsevier, vol. 75(C).
    2. Liu, Qiang & Zhao, Zhongwei & Liu, Yiran & He, Yao, 2022. "Natural resources commodity prices volatility, economic performance and environment: Evaluating the role of oil rents," Resources Policy, Elsevier, vol. 76(C).
    3. Sun, Yanpeng & Chang, Hsuling & Vasbieva, Dinara G. & Andlib, Zubaria, 2022. "Economic performance, investment in energy resources, foreign trade, and natural resources volatility nexus: Evidence from China's provincial data," Resources Policy, Elsevier, vol. 78(C).
    4. Li, Ying & Tariq, Muhammad & Khan, Saleem & Rjoub, Husam & Azhar, Aisha, 2022. "Natural resources rents, capital formation and economic performance: Evaluating the role of globalization," Resources Policy, Elsevier, vol. 78(C).
    5. Zhou, Haonan & Li, Dongxin & Mustafa, Faisal & Altuntaş, Mehmet, 2022. "Natural resources volatility and South Asian economies: Evaluating the role of COVID-19," Resources Policy, Elsevier, vol. 75(C).
    6. Deng, Wei & Akram, Rabia & Mirza, Nawazish, 2022. "Economic performance and natural resources: Evaluating the role of economic risk," Resources Policy, Elsevier, vol. 78(C).
    7. Çetin, Murat & Sarıgül, Sevgi Sümerli & Işık, Cem & Avcı, Pınar & Ahmad, Munir & Alvarado, Rafael, 2023. "The impact of natural resources, economic growth, savings, and current account balance on financial sector development: Theory and empirical evidence," Resources Policy, Elsevier, vol. 81(C).
    8. Wen, Jun & Mughal, Nafeesa & Kashif, Maryam & Jain, Vipin & Ramos Meza, Carlos Samuel & Cong, Phan The, 2022. "Volatility in natural resources prices and economic performance: Evidence from BRICS economies," Resources Policy, Elsevier, vol. 75(C).
    9. Ding, Yuanyi, 2023. "Does natural resources cause sustainable financial development or resources curse? Evidence from group of seven economies," Resources Policy, Elsevier, vol. 81(C).
    10. Zhang, Can & Liang, Qian, 2023. "Natural resources and sustainable financial development: Evidence from South Asian economies," Resources Policy, Elsevier, vol. 80(C).
    11. Ma, Qiang & Mentel, Grzegorz & Zhao, Xin & Salahodjaev, Raufhon & Kuldasheva, Zebo, 2022. "Natural resources tax volatility and economic performance: Evaluating the role of digital economy," Resources Policy, Elsevier, vol. 75(C).
    12. Arif, Asma & Minh Vu, Hieu & Cong, Ma & Hon Wei, Leow & Islam, Md. Monirul & Niedbała, Gniewko, 2022. "Natural resources commodity prices volatility and economic performance: Evaluating the role of green finance," Resources Policy, Elsevier, vol. 76(C).
    13. Hordofa, Tolassa Temesgen & Liying, Song & Mughal, Nafeesa & Arif, Asma & Minh Vu, Hieu & Kaur, Prabjot, 2022. "Natural resources rents and economic performance: Post-COVID-19 era for G7 countries," Resources Policy, Elsevier, vol. 75(C).
    14. Tang, Shi & Ma, Yechi & Altuntaş, Mehmet, 2022. "Natural resources volatility, political risk and economic performance: Evidence from quantile-on-quantile regression," Resources Policy, Elsevier, vol. 78(C).
    15. Li, Yumei & Naqvi, Bushra & Caglar, Ersin & Chu, Chien-Chi, 2020. "N-11 countries: Are the new victims of resource-curse?," Resources Policy, Elsevier, vol. 67(C).
    16. Stephen Taiwo Onifade & Bright Akwasi Gyamfi & Ilham Haouas & Simplice A. Asongu, 2024. "Extending the frontiers of financial development for sustainability of the MENA states: The roles of resource abundance and institutional quality," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(3), pages 1971-1986, June.
    17. Li, Menghan & Zhang, Kaiyue & Alamri, Ahmad Mohammed & Ageli, Mohammed Moosa & Khan, Numan, 2023. "Resource curse hypothesis and sustainable development: Evaluating the role of renewable energy and R&D," Resources Policy, Elsevier, vol. 81(C).
    18. Liu, Haiying & Saleem, Muhammad Mansoor & Al-Faryan, Mamdouh Abdulaziz Saleh & Khan, Irfan & Zafar, Muhammad Wasif, 2022. "Impact of governance and globalization on natural resources volatility: The role of financial development in the Middle East North Africa countries," Resources Policy, Elsevier, vol. 78(C).
    19. Aladejare, Samson Adeniyi, 2023. "Economic prosperity, asymmetric natural resource income, and ecological demands in resource-reliant economies," Resources Policy, Elsevier, vol. 82(C).
    20. Yang, Xue & Zhang, Peng & Zhao, Zuoxiang & Koondhar, Mansoor Ahmed, 2024. "How disaggregated natural resources rents affect financial development: From the perspective of sustainable development," Resources Policy, Elsevier, vol. 92(C).

    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:eee:jrpoli:v:77:y:2022:i:c:s0301420722001969. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30467 .

    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.