The role of governance and infrastructure in moderating the effect of resource rents on economic growth

被引:1
作者
Asongu, Simplice A. [1 ,2 ]
Diop, Samba [3 ]
Emeka, Ekene ThankGod [4 ]
Ogbonna, Amarachi O. [5 ]
机构
[1] Univ Johannesburg, Sch Econ, Johannesburg, South Africa
[2] Univ Tashkent Appl Sci, Dept Econ, Tashkent, Uzbekistan
[3] Gaston Berger Univ, Fac Econ & Management, St Louis, Senegal
[4] Univ Nigeria, Dept Econ, Nsukka, Nigeria
[5] Amrita Vishwa Vidyapeetham, Amrita Sch Sustainable Futures, Amritapuri, India
关键词
110; countries; economic growth; generalized method of moments; governance; infrastructure; natural resources; panel; panel smooth transition regressions; threshold; FOREIGN DIRECT-INVESTMENT; NATURAL-RESOURCES; INSTITUTIONAL QUALITY; FINANCIAL DEVELOPMENT; DEVELOPING-COUNTRIES; CURSE; INFERENCE; AFRICA; MODELS; DETERMINANTS;
D O I
10.1111/polp.12623
中图分类号
D0 [政治学、政治理论];
学科分类号
0302 ; 030201 ;
摘要
This study investigates how governance and infrastructure moderate the effect of natural resource rents on economic growth using a sample of 110 countries from 2000 to 2018. The empirical evidence is based on panel smooth transition regressions (PSTR). The nexus between economic growth and natural resources is not linear and the underlying non-linearity is contingent on existing infrastructural and governance levels. Evidence of a "natural resource curse" is apparent in countries with extremely low levels of governance and infrastructural development. The favorable effect of natural resources on economic growth requires a governance threshold of -1.210 and an infrastructure threshold of 2.583, indicating that countries with governance and infrastructure levels higher than these values tend to benefit much more from the wealth of natural resources. Countries identified below the established thresholds are mainly from Africa. Policy implications are discussed with specific emphasis on African countries.
引用
收藏
页码:1059 / 1080
页数:22
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