An empirical investigation of the resource curse theory and economic growth, panel data analysis

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Awarding institution
  • University of Strathclyde
Date of award
  • 2016
Thesis identifier
  • T14335
Person Identifier (Local)
  • 201454269
Qualification Level
Qualification Name
Department, School or Faculty
  • The economics of natural resources has been a subject of discussion for a number of years. One of the problems that natural resources economics studies is Resource Curse Theory, which refers to the situation where a number of natural resource exporting countries are negatively affected in terms of various economic, political, and social factors. This theory refers to an observed negative correlation between natural resource exports and the economic growth of countries engaging in these exports. This study empirically investigates the Resource Curse Theory. Applying panel data of oil rents share of GDP as different natural resource measurements, various econometric techniques were used in order to obtain robust results. Using panel data fixed effect estimator, a significant positive correlation between oil rents share of GDP and GDP growth rate is found. When using the two-stage least square approach, positive significant results are also found between oil rents share of GDP and GDP growth rate.
Resource Type
Date Created
  • 2016
Former identifier
  • 9912525291202996