Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

---

Empirical studies imply that natural resource abundance plays an important role on economic growth in natural-resource-rich countries. The growth literature shows that human capital, education, technology progress and institutional quality are effective factors on economic growth. This article using a panel data firstly investigates the Resource Curse Hypothesis and then analyzes the effective factors and how they affect RCH. Among several effective factors that are reported in present studies, in this paper the main focus is on Human Capital and Institutional Quality. The sample for this research is two groups of petroleum exporting countries: A) Major petroleum exporters and B) Other petroleum exporters which are analyzed for the period 1996-2006. Results show that Resource Curse is seen in major Petroleum Exporting Countries. The findings also confirm the importance of low institutional quality and inadequate investments in human capital in case of resource curse. The results confirm that natural resource abundance has a negative impact on growth if considered in isolation, but a positive direct impact on growth if other explanatory variables, such as human capital, institutional quality, openness and etc. are taken into account.

Keywords: Human capital, Resource Curse Hypothesis, Institutional quality, Natural resources, Petroleum Exporting Countries

Full-Text [PDF 281 kb]   (4028 Downloads)    

Add your comments about this article : Your username or Email:

---