Shining a Light on the Resource Curse: An Empirical Analysis of the Relationship Between Natural Resources, Transparency, and Economic Growth

2011 ◽  
Vol 39 (4) ◽  
pp. 490-505 ◽  
Author(s):  
Andrew Williams
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Empirical Analysis ◽  
Resource Curse ◽  
The Relationship

An Empirical Analysis of the Relationship between Economic Growth and Energy Utilization in China

2013 ◽  
Vol 734-737 ◽  
pp. 1666-1670
Author(s):  
Fei Hu Yang ◽  
Peng Zhang ◽  
Xiao Wei Wang
Keyword(s):  
Economic Growth ◽  
Empirical Analysis ◽  
Energy Utilization ◽  
Correction Model ◽  
Vector Autoregressive ◽  
Integration Test ◽  
Recycling Economy ◽  
The Relationship ◽  
The Empirical Analysis

Based on the co-integration test, error correction model and vector autoregressive model, the empirical analysis results show a long-term co-integration relationship between economic growth and energy utilization in China, energy consumption increased by 1%, GDP will increase by 1.342%. In order to raise the efficiency of energy utilization during China's economic development, suggestions like saving energy conservation, reducing emission and recycling economy have been proposed.

The “Resource Curse”: Lessons of the Third World

2015 ◽  
pp. 28-39
Author(s):  
V. Shmat
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Third World ◽  
Raw Materials ◽  
Resource Curse ◽  
The Third ◽  
National Institutions ◽  
Resource Nationalism ◽  
The Third World ◽  
First World

According to the hypothesis known as the “resource curse”, natural resources abundance is a brake on economic growth of many Third World countries. But is it really so? The author believes there are deeper reasons why the Third World in general – regardless of the amount of raw material resources available in each country – cannot achieve the same level of welfare as the First World. The “resource curse” theory looks for the origins of the resourceful countries’ economic problems in the institutional sphere. But this seems misleading because of excessively narrow “here and now” approach. The economic and socio-political institutions of individual countries are regarded in short periods of time when “curse” declared itself. Its typical manifestations, such as rent-seeking, stagnation or degradation of the institutions, authoritarian power, snowballing public debt and symptoms of Dutch disease, were seen in many Third World countries long before the development of the major sources of raw materials and regardless of the availability or absence of them. Therefore, it seems appropriate to speak of a kind of “three-fold institutional curse” as an explanation of continuing underdevelopment of many countries and territories. Poor national institutions in the Third World countries are not actually caused by the presence or absence of concentrated natural resources. This is the result of prior historical development with series of discrete transitions from one condition to another: from colonial status – to independent statehood; from poverty – to unexpected wealth mostly based on the exploitation of the natural resources. Qualitative transformation of national institutions usually lags far behind. As a consequence, institutional development enters into a state of stagnation (inhibiting or destabilizing economic growth) that can stretch for very long periods of time. The author concludes that the presence or absence of resources, in fact, has no fundamental impact on the nature of socio-economic development of Third World countries. The major reason hindering institutional progress has external nature, that is heavy economic dependence on the First World (coupled with informal political subordination). This circumstance begets the “resource nationalism” by the developing countries – exporters of raw materials and fuel. History of “resource nationalism” provides a useful lesson for Russia whose economy is features by growing dependency on resources. Acknowledgement. The article has been supported by a grant of the Russian Science Foundation. Project № 14-18-02345.

The Relation between Money and Happiness in MENA Countries

2016 ◽  
pp. 111-124
Author(s):  
Hilal Yıldız
Keyword(s):  
Economic Growth ◽  
Empirical Analysis ◽  
Economic Performance ◽  
Well Being ◽  
Cultural Performance ◽  
Mena Region ◽  
Mena Countries ◽  
Crucial Question ◽  
The People ◽  
The Relationship

Even though economic growth plays very important role in development, governments stressed the importance of happiness now. The crucial question is that what exactly is the relationship between happiness and money? Or, what can determine happiness? In recent years, the human well-being of its people has been accepted as a new economic inequalities measure. Not only economic performance of the country but also social, political and cultural performance of the country has been accepted as an indicator of better life of the people. Questions which will be discussed are thinking whether or not economic growth plays a major role in happiness and how the relation between economic growth and happiness. The purpose of this chapter is to investigate the relationship between economic growth and happiness in the MENA Region using an empirical analysis.

An Empirical Analysis on the Relationship between Transport Infrastructure and Economic Growth in Tianjin

2012 ◽  
Vol 253-255 ◽  
pp. 278-281
Author(s):  
Xiao Zhe Meng
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Granger Causality ◽  
Empirical Analysis ◽  
Time Series Data ◽  
Transport Infrastructure ◽  
Integration Theory ◽  
Series Data ◽  
Positive Correlations ◽  
The Relationship

Transport infrastructure makes important contribution to economic growth. At the same time, the economic growth provides support to the transport infrastructure. Based on the co-integration theory and Granger casualty analysis, using time series data in Tianjin from 1978 to 2010, empirically analyze the co-integration relationship and Granger causality between the index of all kinds of transport infrastructure and the GDP in Tianjin. Research shows that there are positive correlations between the length of road, railway, quay line and GDP. The length of road, railway and quay line is the Granger cause of GDP. However, GDP is not the Granger cause of transport infrastructure.

The Study of the Relationship between Natural Resource Abundance and Economic Growth

2013 ◽  
Vol 734-737 ◽  
pp. 3337-3341 ◽  
Author(s):  
Zhin Bin Li ◽  
Hong Juan Deng ◽  
An Shun Cheng
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Natural Resources ◽  
Natural Resource ◽  
Policy Recommendations ◽  
Resource Abundance ◽  
The Relationship

The interrelationship between natural resource and economic development, hasn't reached an agreement. Some economists believe that rich natural resources promote economic growth. On the contrary, some economists think that rich natural resources hinder economic growth. Based on previous studies, this paper studies the relationship between natural resource and economic growth in our country. We try to explain the "Curse of Resources" through an example of Shanxi. Finally, we give some policy recommendations to avoid the "Curse of Resources".

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