Economics at your fingertips  

Financial Development and Natural Resource Rents–Human Capital Nexus: A New Approach

Mohammad Ali Aboutorabi (), Farzaneh Ahmadian Yazdi () and Saeideh Parkam ()
Additional contact information
Farzaneh Ahmadian Yazdi: Ferdowsi University of Mashhad
Saeideh Parkam: Economic Development and Planning

A chapter in Economic Growth and Financial Development, 2021, pp 33-55 from Springer

Abstract: Abstract The importance of natural resource revenues in resource-rich countries is one of the main issues in the last two decades. Meanwhile, the major impact of financial development has been neglected during the process of accessing resource-based sustainable economic growth. Therefore, the novelty of this chapter is related to our special focus on the improving impacts of financial development on natural resource rents–human capital nexus in resource-rich countries. Human capital is a critical precondition for economic development. So, to test the main hypothesis, the ARDL rolling regression technique for the case of Iran over the period of 1970–2014 is applied. The empirical results show that through accelerating financial depth and the more relative importance of deposit money banks than the central bank, the impact of resource rents on human capital accumulation is improved in the long run. However, such a finding is not approved by the multilateral financial development index.

Keywords: Financial development; Natural resource rents; Human capital; ARDL technique; Rolling regression (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:

Ordering information: This item can be ordered from

DOI: 10.1007/978-3-030-79003-5_3

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2022-06-27
Handle: RePEc:spr:sprchp:978-3-030-79003-5_3