Nexus between total natural resource rents and public debt within symmetric and asymmetric framework: Fresh insight from resource-rich economy

S. Pratibha, Vishal Sharma and M. Krishna

Resources Policy, 2024, vol. 93, issue C

Abstract: Many economies abundant in natural resources often leverage the rents from these resources as collateral for borrowing during periods of economic boom, intending to repay debts during periods of windfall. However, this practice can cultivate irresponsible borrowing tendencies, potentially leading to debt trap scenarios when global resource prices decline. Thus, our study delves into the interaction between public debt (PD) and total natural resource rents (TNR), examining both aggregate and disaggregate forms, with a specific focus on India spanning from 1980-81 to 2021–22.

Keywords: Public debt; Natural resource rents; ARDL; NARDL; India (search for similar items in EconPapers)
JEL-codes: C10 H6 Q32 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:93:y:2024:i:c:s030142072400374x

DOI: 10.1016/j.resourpol.2024.105007

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