Economic Growth in Countries Depended on Natural Resource (By emphasizing on Oil Resources)
Subject Areas : Labor and Demographic Economics
kazem
yavari
1
(دانشیار دانشگاه تربیت مدرس)
mahdieh
rezagholizadeh
2
(دانشجوی دکتری اقتصاد دانشگاه تربیت مدرس)
majid
aghaee
3
(دانشجوی دکتری دانشگاه تربیت مدرس)
Keywords: Economic Growth, Generalized Method of Moments (GMM), Natural Resource Intensity, Natural Resource Curse,
Abstract :
This paper, by focusing on oil resources, tries to investigate the relationship between natural resources abundance and economic growth in 8 OPEC selected countries during 1970- 2008. We used Dynamic Panel Data and Static Panel Data Model for this purpose and estimated the relations by Generalized Method of Moments[1], Fixed Effects and Random Effects Estimator. The results represented that there is a negative relationship between oil resources abundance and economic growth in above mentioned countries. [1]. GMM * Associate Professor in Economics at University of Tarbiat Modares, Tehran, Iran (Corresponding Author), Email: kyavari@gmail.com **PhD student in Economics at University of Tarbiat Modares, Tehran, Iran, Email: mahdieh_rezagholizadeh@yahoo.com ***PhD Student in Economics at University of Tarbiat Modares and Researcher at Statistical Research and Training Centre, Tehran, Iran, Email: majid_aghaei3@yahoo.com
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