نوع مقاله : مقاله پژوهشی
عنوان مقاله English
نویسندگان English
Abundance of Natural Resources and Non-Oil Exports: GMM Approach
Although the abundance of natural resources potentially has a positive impact on the development of macroeconomic variables, including non-oil exports, but also economic experiences reflect the fact that major exporters of natural resources face numerous economic problems. The main purpose of the present research is an investigation of the effect of abundance of natural resources by the index of economic freedom on non-oil exports in the selected developing and developed countries over the period 2000-2012 by using GMM approach. In this regard, these variables: GDP, real exchange rate and interaction of index of economic freedom and abundance of natural resources are selected such as independent variables. As a result of analysis, in both groups, interaction of economic freedom index and abundance of natural resources has a significant positive effect on non-oil exports. In addition, as expected, there exists a positive relationship between the gross national production and real exchange rate and non-oil exports for both groups.
JEL Classification: F18,Q37, Q38, Q56, Q58,E30.
کلیدواژهها English