Quantitative estimation of resource nationalism by binary choice logit model for panel data

Wenhua Li and Tsuyoshi Adachi

Resources Policy, 2017, vol. 53, issue C, 247-258

Abstract: Since the beginning of this century, another new wave of resource nationalism with unprecedented high frequency and wide area had been profoundly affecting natural resources industry's room of development. It attracted increased attention among researchers and business investors. Numerous descriptive case studies on the issue indicated us how specific economic, political and other factors interacted and further drove resource nationalism strategy and policy making. However, as far as we know, none of them were able to quantitatively dig out the mutual factors across countries that work uniformly in producing resource nationalism. The objective of the study is quantifying significant factors dominating the occurrence of resource nationalism for important metal and energy resources producing countries at global level by binary choice logit model for panel data. Besides finding out the significant variables and their marginal effects to resource nationalism from 2000 to 2013, the regression helps predict up to 89 resource producing countries’, 5 types of base metals’, 4 types of precious metals’, and 3 types of energy resources’ probability of resource nationalism during 2003–2012. The study is a primary trial of researching on resource nationalism and provides some insights for theoretical building and genetic simulation on the issue.

Keywords: Resource nationalism; Binary choice logit model; Economic explanation; Mining countries; Metal resources; Fossil energy (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:53:y:2017:i:c:p:247-258

DOI: 10.1016/j.resourpol.2017.07.002

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