Natural Resources Volatility and Economic Growth: Evidence from the Resource-Rich Region

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26482789%3A_____%2F21%3A10152252" target="_blank" >RIV/26482789:_____/21:10152252 - isvavai.cz</a>

Result on the web

<a href="https://www.mdpi.com/1911-8074/14/2/84/htm" target="_blank" >https://www.mdpi.com/1911-8074/14/2/84/htm</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3390/jrfm14020084" target="_blank" >10.3390/jrfm14020084</a>

Result language

angličtina

Original language name

Natural Resources Volatility and Economic Growth: Evidence from the Resource-Rich Region

Original language description

This research paper investigates the impact of natural resources volatility on economic growth. The paper focused on three resource-rich economies, namely, UAE, Saudi Arabia, and Oman. Using data from 1970 to 2016 and employing the autoregressive distributed lag (ARDL) cointegration approach, we found that both natural resources and their volatility matter from the perspective of growth. The study found strong evidence in favor of a positive and statistically significant relationship between natural resources and economic growth for the economies of UAE and Saudi Arabia. Similarly, for the economy of Oman, a positive but insignificant relationship is observed between natural resources and economic growth. However, we found that the volatility of natural resources has a statistically significant negative impact on the economic growth of all three economies. This study contradicts the traditional concept of the resources curse and provides evidence of the resources curse in the form of a negative impact of volatility on economic growth.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Risk and Financial Management

ISSN

1911-8066

e-ISSN

1581-1980

Volume of the periodical

14

Issue of the periodical within the volume

2/2021

Country of publishing house

CH - SWITZERLAND

Number of pages

17

Pages from-to

1-17

UT code for WoS article

000622694600001

EID of the result in the Scopus database

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