International Conference on Eurasian Economies
5-7 October 2017 – Bishkek, KYRGYZSTAN
Paper detail
Paper ID : 1979
Status : Paper published
Language : Turkish
Topic : Growth and Development
Presenter: Prof. Dr. Neşe Algan
Session : 1C Bölgesel Çalışmalar
Investigation on the Validity of Natural Resource Curse Hypothesis in Gulf Cooperation Council Countries
Körfez İşbirliği Konseyi Ülkelerinde Doğal Kaynak Laneti Hipotezi Geçerliliğinin İncelenmesi
- Ph.D. candidate Mehmet Akif Destek (Gaziantep University, Türkiye)
- Asst. Prof. Dr. Müge Manga (Erzincan Binali Yıldırım University, Türkiye)
- Prof. Dr. Neşe Algan (Çukurova University, Türkiye)
Abstract
This study aims to investigate the validity of natural resource curse hypothesis in Gulf Cooperation Council (GCC) countries for the period from 1980 to 2014. In doing so, the relationship between real GDP, natural resource abundance, financial development and gross fixed capital is examined using with second generation panel data methodology which allows to cross-sectional dependence among countries. In case of mean group estimation, it is concluded that natural resource rents, financial development and capital positively affects the real GDP in GCC countries. However, in case of individual country estimations, we found that natural resource curse hypothesis is valid only in United Arab Emirates.
JEL codes:
Destek, Mehmet Akif , Manga, Müge, Algan, Neşe (2017). "Investigation on the Validity of Natural Resource Curse Hypothesis in Gulf Cooperation Council Countries" in Proceedings of International Conference of Eurasian Economies 2017, pp.281-285, Bishkek, KYRGYZSTAN.
DOI: https://doi.org/10.36880/C09.01979
Session 1C: Bölgesel Çalışmalar
