The Journal of Economic Studies and Policies

The Journal of Economic Studies and Policies

The Investigation of Natural Resource Curse with Emphasis on the Role of Human Capital

Document Type : Original Article

Authors
1 Assistant Professor of Tabriz University
2 Assistant Professor of Economics, Tabriz University
3 PhD student in Economics, University of Tabriz
Abstract
Some empirical studies show a reverse relationship between natural resource abundance and economic growth. Natural resource abundance affects economic growth through different transmission channels so that the human capital is the most important one. The main purpose of this research is to investigate the relationship between natural resource abundance and economic growth with emphasis on the role of human capital in this relationship. We analyze this relationship in two groups of petroleum exporting countries:             A) Major  petroleum exporters   B) Other petroleum exporters by cross country economic growth during 1970-2004. The panel data approach is used to estimate econometrics model. Also, the required data is divided to seven parts as five years.  In this article the study period is limited to 1970-2004, since the required data for the last five years period of 2005-2009 has not published, yet. Findings show that natural resource abundant inversely related with economic growth, while human capital have a negative effect on group A’s economic growth and positive effect on group B’s economic growth. In addition, we extend the usual specifications for economic growth regressions by incorporating an interaction term between human capital and natural resources, showing that low levels of human capital may not outweigh the negative effects of the natural resource abundance on group A’s growth, but the high levels of human capital may offset the negative effects of the natural resource abundance on group B’s growth.
Keywords

منابع

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پیوست شماره 1: لیست کشورهای مورد بررسی تحقیق

 
گروه الف: اقتصادهای نفتی (بر اساس طبقه بندی آنکتاد)
DZA: الجزایر
AGO : آنگولا
BHR : بحرین
 
BRN : برونئی
COG : کنگو
GAB : گابن
 
IND : اندونزی
IRN : ایران
IRQ : عراق
 
KWT : کویت
LYB : لیبی
Netherlands Antilles : ANT
 
NGA : نیجریه
OMN : عمان
QAT : قطر
 
AUS : عربستان سعودی
SYR : سوریه
TTO : ترینیداد و توباگو
 
AMT : امارات متحده عربی
VEN : ونزوئلا
YEM : یمن
 
 
گروه ب: دیگر کشورهای صادرکننده نفت (اقتصادهای غیرنفتی)
CAN : کانادا
: انگلیسGBR
AUS : استرالیا
 
:  NORنروژ
کلمبیا: COL
: مالزیMYS
 
: MEX مکزیک
 
 
               
 ماخذ: UNCTAD, 2005, p. 
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