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The Impact of Institutional Quality on Relation between Resource Abundance and Economic Growth

Asghar Mobarak and Ali Karshenasan
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Asghar Mobarak: Master of Economics
Ali Karshenasan: Assistant Professor of University Lorestan

Iranian Economic Review (IER), 2012, vol. 17, issue 2, 95-110

Abstract: This paper investigates the impact of institutional quality on relation between resource abundance and economic growth in major oil exporting countries by using panel data during period of 1996-2007. The research found that in the countries under study, institutional quality has a positive impact on economic growth, but resource abundance affected economic growth inversely. Meanwhile, natural resource abundance caused economic growth to be decreased.

Keywords: Economic Growth; Natural Resource Abundance; Institutional Quality; Major Oil Exporting Countries; Panel Data (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eut:journl:v:17:y:2012:i:2:p:95

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