Economic Research and Perspectives

Economic Research and Perspectives

The Impact of Oil Revenues on Social Capital in Iran

Authors
Davood Behboudi 1
Hossein Asgharpur Asgharpur 1
Faranak Bastan 2
Yazdan Seif 3
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
Abstract
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
Q3
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Economic Research and Perspectives
Volume 13, Issue 3
Autumn 2013
Pages 109-124