International Congress on Eurasian Economies
26-28 June 2024 – Bishkek, KYRGYZSTAN
Paper properties
Paper ID : 2514
Status : Paper published
Language : Turkish
Topic : Natural Resources and Environment
Presenter: Ph.D. candidate Berk Palandökenlier
Session : 1C Çevre Ekonomisi
Is the Resource Curse Thesis Affect Only Least Developed Countries? Examples from Resource-Rich Developed Countries
Kaynak Talihsizliği Tezi Sadece Az Gelişmiş Ülkeleri mi İlgilendiriyor? Kaynak Zengini Gelişmiş Ülkelerden Örnekler
- Prof. Dr. Harun Bal (Çukurova University, Türkiye)
- Ph.D. candidate Berk Palandökenlier (Gaziantep University, Türkiye)
Abstract
Whether the Dutch Disease thesis, which is one of the best-known economic explanations on this subject, which puts forward the thesis that countries rich in natural resources can have negative effects on long-term economic growth, directly or indirectly, depending on the way they are used, is valid or not. tried to be demonstrated. The Dutch disease thesis is one of the main explanations for resource misfortune, emphasizing the negative effects of resource abundance on the national economy in countries with rich resource endowments and pointing to a paradox that economic conditions will be better in countries that do not have relatively little (or scarce) natural resources. is happening. Therefore, in our study, it is aimed to investigate whether resource richness causes an economic recession or not, especially for developed countries by considering indirect transmission channels. In this context, 11 developed countries such as Netherlands, Norway, Ireland, Germany, New Zealand, the United States of America, Canada, Australia, Poland, the United Kingdom, and Denmark, between 1990 and 2019, are based on the experiences of developed countries, which are especially rich in different sources of Dutch Disease syndrome. The country has been researched with static and dynamic panel analysis methods. As a result of the estimation, findings were found that the Dutch Disease was partially valid in terms of developed country samples throughout the sample period considered.
JEL codes: O13, Q00, Q33
Bal, Harun, Palandökenlier, Berk (2021). "Is the Resource Curse Thesis Affect Only Least Developed Countries? Examples from Resource-Rich Developed Countries" in Proceedings of International Conference of Eurasian Economies 2021, pp.340-351, Istanbul, TURKEY and ONLINE.
DOI: https://doi.org/10.36880/C13.02514
