The relationship between reserves of oil endowment and economic growth from the resource curse viewpoint: a case study of oil producing countries

Teymour Mohammadi, Fateme Jahangard and Seyed Morteza Khani Hoolari

MPRA Paper from University Library of Munich, Germany

Abstract: This research investigated the effective economic growth determinants using a panel data set over the period 1995 to 2010 in oil-rich countries divided by the level of democracy into two groups: countries with low and high democracy. The result of OLS method rejects the curse hypothesis; however, TSLS method reveals the reserves of oil endowment has a negative effect on economic growth of low democracy countries and the curse hypothesis is approved.

Keywords: Resource curse; Economic growth; Reserves of oil endowment; Panel data set (search for similar items in EconPapers)
JEL-codes: O13 P28 Q43 (search for similar items in EconPapers)
Date: 2014-05-07
New Economics Papers: this item is included in nep-ene and nep-fdg
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