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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název periodika

Journal of Risk and Financial Management

ISSN

1911-8066

e-ISSN

1581-1980

Svazek periodika

14

Číslo periodika v rámci svazku

2/2021

Stát vydavatele periodika

CH - Švýcarská konfederace

Počet stran výsledku

17

Strana od-do

1-17

Kód UT WoS článku

000622694600001

EID výsledku v databázi Scopus

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