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Testing of Natural Resources as Blessing or Curse to the Knowledge Economy in Arab Countries

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  • Driouchi, Ahmed

Abstract

This paper focuses on testing if natural resources constituted a blessing or a curse to the progress of knowledge economy in Arab countries. Some of these economies are based on natural resources and mainly oil and gas that are major sources of economic rents. The attained results from all the sample of Arab countries, show how knowledge variables are negatively related to the rents from natural resources. Natural resources appear thus as a curse to the expansion of knowledge economy in the overall set of countries. But, when taken country by country as in the literature, natural resources as blessing are shown over some economies. Transformation of curse to a sustainable blessings is the promising economic and social direction of change that could increase further inclusive growth in the Arab economies.

Suggested Citation

  • Driouchi, Ahmed, 2014. "Testing of Natural Resources as Blessing or Curse to the Knowledge Economy in Arab Countries," MPRA Paper 58598, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:58598
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    File URL: https://mpra.ub.uni-muenchen.de/58598/1/MPRA_paper_58598.pdf
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    References listed on IDEAS

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    1. Luc Désiré OMGBA & Christian EBEKE, 2011. "Oil rents, governance quality, and the allocation of talents in developing countries," Working Papers 201123, CERDI.
    2. Ebeke, Christian & Omgba, Luc Désiré & Laajaj, Rachid, 2015. "Oil, governance and the (mis)allocation of talent in developing countries," Journal of Development Economics, Elsevier, vol. 114(C), pages 126-141.
    3. Raouf Boucekkine & Fabien Prieur & Klarizze Puzon, 2013. "The Dynamics of Lobbying under Uncertainty: On Political Liberalization in Arab Countries," AMSE Working Papers 1317, Aix-Marseille School of Economics, France.
    4. Beatrix Gaitan & Terry Roe, 2012. "International Trade, Exhaustible-Resource Abundance and Economic Growth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(1), pages 72-93, January.
    5. Frankel, Jeffrey A., 2010. "The Natural Resource Curse: A Survey," Scholarly Articles 4454156, Harvard Kennedy School of Government.
    6. Weber, Jeremy G., 2014. "A decade of natural gas development: The makings of a resource curse?," Resource and Energy Economics, Elsevier, vol. 37(C), pages 168-183.
    7. Maty Konte, 2013. "A curse or a blessing? Natural resources in a multiple growth regimes analysis," Applied Economics, Taylor & Francis Journals, vol. 45(26), pages 3760-3769, September.
    8. Haouas, Ilham & Heshmati, Almas, 2014. "Can the UAE Avoid the Oil Curse by Economic Diversification?," IZA Discussion Papers 8003, Institute of Labor Economics (IZA).
    9. Anca Cotet & Kevin K. Tsui, 2010. "Resource Curse or Malthusian Trap? Evidence from Oil Discoveries and Extractions," Working Papers 201001, Ball State University, Department of Economics, revised Mar 2010.
    10. Fleming, David A. & Measham, Thomas G., 2013. "Disentangling the Natural Resources Curse: National and Regional Socioeconomic Impacts of Resource Windfalls," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150526, Agricultural and Applied Economics Association.
    11. Graham Davis, 2011. "The resource drag," International Economics and Economic Policy, Springer, vol. 8(2), pages 155-176, June.
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    Cited by:

    1. Ruba A. Aljarallah & Andrew Angus, 2020. "Dilemma of Natural Resource Abundance: A Case Study of Kuwait," SAGE Open, , vol. 10(1), pages 21582440198, January.
    2. Driouchi, Ahmed & Harkat, Tahar, 2016. "Knowledge Economy, Global Innovation Indices, Rents and Governance in Arab Economies," MPRA Paper 73507, University Library of Munich, Germany.

    More about this item

    Keywords

    Keywords: Rents; natural resources; curse; blessing; sovereign funds; inclusion.;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation

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