ERSs and Trade in Natural Resources: The Impact on Economic Growth and Poverty in LDCs
Panos Hatzipanayotou (),
Panagiotis Konstantinou (),
Ioanna Pantelaiou () and
Additional contact information
Panos Hatzipanayotou: Athens University of Economics and Business
Panagiotis Konstantinou: AUEB
No 1809, DEOS Working Papers from Athens University of Economics and Business
We study the impact on economic growth of LDCs of environmentally related standards (ERSs) adopted by such economies to bypass non-tariff-measures (NTMs) imposed as environmental regulatory requirements on their exports of natural resources to developed importing countries. In particular, we develop an empirical growth model that incorporates the impacts of resource abundance and of ERSs, the latter being measured by the number of ISO14001 certificates which a LDC holds, on per capita GDP growth. This specification allows to test for the existence of the 'resource curse' and for the effects of ERSs on growth through their interaction with the resource abundance measure. Our results suggest that ERSs can be growth promoting and in certain cases a factor mitigating the 'resource curse' in LDCs. Thus, compliance with ERSs combined with aid in institution formation or technology transfers can allow LDCs to enhance economic growth and alleviate poverty.
Keywords: Non-tariff measures; Environmentally related standards; Natural resource exports; Resource curse; Economic growth; Poverty (search for similar items in EconPapers)
JEL-codes: F18 F43 O13 O44 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://wpa.deos.aueb.gr/docs/ERSs.and.Trade.in.Natural.Resources.pdf First version (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:aue:wpaper:1809
Access Statistics for this paper
More papers in DEOS Working Papers from Athens University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Ekaterini Glynou ().