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      • Open Access Article

        1 - The Analysis of Political Institutions’ Effect on the Economic Institutions in Resource-rich Countries
        Reza Bakhshiani Masud Nili S. Mahdi Barakchian
        The weak economic performance of resource-rich countries results in the economic studies’ great concentration on the role of institutions in resource curse literature and employment of theoretical or empirical approaches to determine the cause of this phenomenon. More
        The weak economic performance of resource-rich countries results in the economic studies’ great concentration on the role of institutions in resource curse literature and employment of theoretical or empirical approaches to determine the cause of this phenomenon. In this paper, we argue that the two independent variables of political institutions and natural resources influence the economic institutions which are endogenous variables; by applying a descriptive-analytical approach and making distinction between function of “economic institutions” and “political institutions”. Political institutions form the political power structure to specify the elites’ scope of power in the establishment of favorable economic institutions, which aim at distributing the resources among the affiliated groups. We also use the empirical approach to show that natural resources do not have any significant effect on the quality of economic institutions by controlling the effect of political institutions. In contrast, the better quality of political institutions results in the better quality of economic institutions. Manuscript profile
      • Open Access Article

        2 - Economic Growth in Countries Depended on Natural Resource (By emphasizing on Oil Resources)
        kazem yavari mahdieh rezagholizadeh majid aghaee
        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 More
        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 Manuscript profile