The nonlinear effect of natural resource abundance on economic growth with emphasis on non-resource export and Dutch disease (Case study of selected OPEC member countries)
Niloufar Khatami 1 , saeed Daei-Karimzadeh 2
1 - PhD student in Economics, Isfahan Branch (Khorasgan), Islamic Azad University, Isfahan, Iran
2 - Associate Professor, Department of Economics, Isfahan Branch (Khorasgan), Islamic Azad University, Isfahan, Iran
Keywords: Natural resources, Non-resource exports, Curse of resources, Dutch disease, Economic Growth,
Abstract :
Because the government in countries with abundant natural resources depends on one or more limited resources, if there are trade barriers, national income decreases and economic growth slows down. The research question is whether the effect of non-resource exports on economic growth is non-linear and whether the real effective exchange rate, which has a direct role on the flow of exports, can lead to the Dutch disease phenomenon or not? The aim of this study is to investigate the nonlinear effect of natural resource abundance on economic growth by focusing on non-resource export and the real effective exchange rate variables for the 16 selected OPEC member countries during the period between 2000 and 2021. In order to analyze the data, GMM method has been used. Findings showed that the abundance of natural resources has led to a decrease in economic growth, which indicates the occurrence of the resource curse phenomenon in the studied countries. Also, the second power of the natural resources abundance variable has a positive and significant effect, based on which it can be concluded that the natural resources abundance variable has a non-linear effect on economic growth in the studied countries.
ابونوری، ع.، جهانگرد، ف. و زارعی، م. )1190 )بررسی اثر حجم
ذخایر نفتی بر رشد اقتصادی در کشورهای منتخب از دیدگاه
نفرین منابع )با تاکید بر دموکراسی(. فصلنامه سیاستگذاری
.120-122 :)1(1 ،اقتصادی پیشرفت
بیاتبقائی، ف.، محمدی، ت. و محرابیان، آ. )1062 )بررسی تاثیر
وفور منابع طبیعی و کیفیت نهادی بر رشد اقتصادی در
رژیمهای رکود و رونق. فصلنامه نظریههای کاربردی اقتصاد،
.220-211 :)1(9
جهانگرد، ف.، ابونوری، ع. و خانیالهوری، م. )1191 )بررسی
ارتباط بین حجم ذخایر نفتی و رشد اقتصادی از دیدگاه نفرین
منابع )کشورهای منتخب نفت خیز(. اولین کنفرانس اقتصاد و
مدیریت کاربردی با رویکرد ملی، بابلسر، ایران. قابل دسترس
https://civilica.com/doc/289923/ :در
رضایی، م.، یاوری، ک.، عزتی، م. و اعتصامی، م. )1192 )اثر وفور
درآمدهای نفتی بر رشد اقتصادی ایران از کانال اثرگذاری بر
عدم تعادل در بودجه و بخش خارجی. فصلنامه
علمی- پژوهشی، پژوهشهای رشد و توسعه اقتصادی،
.100-111 :)22(0
