Petrol Gelirleri ve Ekonomik Büyüme: Seçilmiş Petrol Zengini Gelişmekte Olan Ülkeler Üzerine Bir Panel Veri Analizi

Mehmet Demi̇ral, Harun Bal and Emrah Eray Akça

Sosyoekonomi Journal, 2016, issue 24(27)

Abstract: This study purposes to explore how the oil revenues affect the economic growth in selected 12 oil-rich developing countries. Real gross domestic product per capita represents the economic growth, while oil revenue is proxied by crude oil price and export. Real effective exchange rate and consumer price index expected to effect the relationship are also added to the model as other regressors. Panel data regression analysis for the period 2000-2010 is conducted to search for the resource curse symptom. The evidence that positive effect of oil revenues on growth is very slight, supports the ‘resource curse hypotheses’. Overall results emphasize the importance of the policies intended for using oil resources more efficiently and preventing the arising of resource curse mechanisms.

Keywords: Resource Curse; Oil Revenues; Economic Growth; Panel Data Analysis; Oil-Rich Developing Countries. (search for similar items in EconPapers)
JEL-codes: C33 F43 Q30 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:160105

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