Volume 13, Issue 3 (2013)
QJER 2013, 13(3): 109-124 |
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1- Associate Professor of Economics, University of Tabriz.
2- MA in Economics, University of Tabriz.
3- Researcher of the Institute for Trade Studies and Research
2- MA in Economics, University of Tabriz.
3- Researcher of the Institute for Trade Studies and Research
Abstract: (10807 Views)
In oil-abundant countries, oil revenues, due to various reasons such as mismanagement, can influence the economic and social conditions and hinder development.
This paper examines the relationship between oil revenues and social capital in Iran during 1976-2007. To do this, the Autoregressive Distributed Lags (ARDL) approach and bound testing approach for co-integration are used to analyze data and estimate the model. The results indicate that oil revenues as an indicator for abundance of the natural resources have significant and negative influence on social capital. In addition, GDP per capita has positive impact on social capital in Iran.
Keywords: O13, Z13, : Oil revenues, Social Capital, economic growth, ARDL approach, Bound testing approach for co-integration
JEL Classification: Z13, O13, Q3
Received: 2011/11/21 | Accepted: 2012/04/22 | Published: 2013/08/23
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