نوع مقاله : مقاله پژوهشی
عنوان مقاله English
نویسندگان English
Because resources, including natural resources, play an important role in economic growth, with speedy economic and population growth, economic growth is facing a scarcity of resources worldwide. Resource-economy co-ordination has become every government’s main focus in reaching strategic development goals in countries that are on the path of rapid economic development. And since most developing countries are dependent on oil revenues and their economic growth is affected by this income, to reduce this dependence, it is necessary to attract foreign investment and receive and transfer technology and knowledge from developed countries. This will be possible due to security and interaction in countries with better institutional quality. The purpose of this study is to inspect the effect of oil dependence and institutional quality on economic growth with the Panel VAR approach. In this regard, 10 developing countries between the years 1995-2019have been selected. The results of the research with reaction functions tells us that the shock of renting crude oil in developing countries affects economic growth positively at first and when reaching its final stages this trend becomes negative. The oil share shock is positive at first and later on has a negative effect on economic growth. In the end the shock from the institutional quality index economic growth in developing countries is negative in the primary stages and turns positive later on.
کلیدواژهها English
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