Resource Curse and Economic Growth: Evidence from Global Panel Data

Authors

  • Marwan Alssadek Faculty of Economics and Political Sciences, University of Tripoli, Tripoli, Libya
  • Anwr Elbasir Faculty of Economics and Political Sciences, University of Tripoli, Tripoli, Libya

DOI:

https://doi.org/10.65414/najsp.v2i4.318

Keywords:

Oil Rents, Natural Resource Curse, Economic Growth, Panel Data Fixed Effect, Instrumental Variable

Abstract

This study evaluates the influence of natural resources on economic growth, utilizing oil rents as a representative indicator of resource wealth. By employing a panel data fixed-effects model alongside instrumental variable techniques, we analyze a dataset encompassing 142 developed and developing nations over the period 1975 to 2013. The findings reveal a statistically significant positive relationship between oil rents and economic growth, suggesting that oil rents serve as an economic advantage rather than a detriment.

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Published

2024-12-15

How to Cite

Marwan Alssadek, & Anwr Elbasir. (2024). Resource Curse and Economic Growth: Evidence from Global Panel Data. North African Journal of Scientific Publishing (NAJSP), 2(4), 113–119. https://doi.org/10.65414/najsp.v2i4.318

Issue

المجلد الثاني، العدد الرابع، (اكتوبر - ديسمبر) 2024

Section

Humanities and Social Sciences

License

Copyright (c) 2024 Marwan Alssadek, Anwr Elbasir

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.