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Revisiting oil consumption-economic growth nexus: Resource-curse and scarcity tales

Oluwasegun Adekoya ()

Resources Policy, 2021, vol. 70, issue C

Abstract: This study opens up a new insight into the link between energy (oil) consumption and economic growth by considering the influence of natural resources endowments. In order to account for heterogeneity and non-stationarity, the dynamic heterogeneous panel estimators within the framework of panel ARDL model are employed. Alternative estimators (AMG and panel threshold regression) are additionally used to check the sensitivity of the results to other long-run estimators and to account for threshold effect in the nexus.

Keywords: Resource-rich countries; Resource-poor countries; Oil consumption; Economic growth; Panel ARDL; Threshold regression (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1016/j.resourpol.2020.101911

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