A cultural perspective of natural resource curse in finance

Muhammad Atif Khan, Muhammad Asif Khan, M. Ishaq Bhatti and Mohammed Arshad Khan

Applied Economics Letters, 2025, vol. 32, issue 5, 603-607

Abstract: This study proposes that the heterogeneous effect of natural resources revenue (NRR) on financial development (FD) can be explained by the differences in the orientation towards individualistic culture across countries. The empirical analysis based on a panel data set of a global sample of 92 countries, suggests that NRR hinders FD in countries with a low orientation towards individualistic culture relative to those with a high orientation. The findings are useful in understanding the critical resource curse phenomenon and capitalizing on natural resource wealth.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2023.2277684 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:32:y:2025:i:5:p:603-607

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2023.2277684

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().