 Precious metal abundance and economic growth: Evidence from top precious metal producer countriesMelike Bildirici and Seyit M. Gokmenoglu Resources Policy, 2020, vol. 65, issue C Abstract: In this study, metal curse hypothesis was suggested for top precious metal producer countries, i.e. Australia, Canada, Mexico, Philippines, Peru, South Africa and the USA by using nonlinear Smooth Transition Autoregressive Distributed Lag (STARDL) models for the period 1963–2017. We used precious metal production data as an indicator for resource richness. According to the analysis results of STARDL models, we found statistically significant regime specific long-run and short-run relationships between economic growth and each precious metal type under analysis. We couldn't find supporting results for metal curse for Canada, Philippines, Peru, South Africa and the USA, but the positive effect of each precious metal abundance is asymmetric between the regimes. For Australia and Mexico, the effect of precious metal abundance on economic growth is various depending on precious metal type, the regime which the economy is in, the short- and long-run. Keywords: Economic growth; Precious metals; Metal curse; Resource curse; STARDL (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:65:y:2020:i:c:s0301420719307135 DOI: 10.1016/j.resourpol.2019.101572 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.