Empirical evidence on the resource curse hypothesis in oil abundant economy

Saqlain Latif Satti, Abdul Farooq, Nanthakumar Loganathan and Muhammad Shahbaz

Economic Modelling, 2014, vol. 42, issue C, 421-429

Abstract: This present study investigates the relationship between natural resource abundance and economic growth for Venezuelan economy. We have applied the ARDL bounds testing approach to cointegration developed by Pesaran et al. (2001) to examine its long run relationship amid the variables. The VECM Granger causality is applied to test the direction of causality among the variables. This study covers the period of 1971–2011.

Keywords: Natural resource abundance; Economic growth; Cointegration (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (112)

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Working Paper: Empirical Evidence on the Resource Curse Hypothesis in Oil Abundant Economy (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:42:y:2014:i:c:p:421-429

DOI: 10.1016/j.econmod.2014.07.020

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