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The relationship between reserves of oil endowment and economic growth from the resource curse viewpoint: a case study of oil producing countries

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  • Mohammadi, Teymour
  • Jahangard, Fateme
  • Khani Hoolari, Seyed Morteza

Abstract

This research investigated the effective economic growth determinants using a panel data set over the period 1995 to 2010 in oil-rich countries divided by the level of democracy into two groups: countries with low and high democracy. The result of OLS method rejects the curse hypothesis; however, TSLS method reveals the reserves of oil endowment has a negative effect on economic growth of low democracy countries and the curse hypothesis is approved.

Suggested Citation

  • Mohammadi, Teymour & Jahangard, Fateme & Khani Hoolari, Seyed Morteza, 2014. "The relationship between reserves of oil endowment and economic growth from the resource curse viewpoint: a case study of oil producing countries," MPRA Paper 56092, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:56092
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    References listed on IDEAS

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    More about this item

    Keywords

    Resource curse; Economic growth; Reserves of oil endowment; Panel data set;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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