The effectiveness of geopolitical risk, load capacity factor, and urbanization on natural resource rent: Evidence from top ten oil supplier countries

被引：2
作者：
Erdogan S. [1 ,2 ,3 ,6 ]
Pata U.K. [1 ,2 ,4 ,6 ,7 ]
Kartal M.T. [2 ,4 ,5 ,6 ,8 ,9 ]
机构：
[1] Department of Economics, Hatay Mustafa Kemal University, Hatay
[2] Clinic of Economics, Azerbaijan State University of Economics (UNEC), Baku
[3] Economic Research Center (WCERC), Western Caspian University, Baku
[4] Department of Economics, Korea University, Seoul
[5] Department of Finance and Banking, European University of Lefke, Lefke, Northern Cyprus, Mersin
[6] Clinic of Economics, Azerbaijan State University of Economics (UNEC), Baku
[7] Advance Research Centre, European University of Lefke, Lefke, Northern Cyprus, Mersin
[8] GUST Center for Sustainable Development, Gulf University for Science and Technology, Hawally
[9] Department of Economics and Management, Khazar University, Baku
来源：
Resources Policy | 2024年 / 96卷
关键词：
Load capacity factor; Natural resource rent; Oil supplier countries; Panel data; Urbanization;
D O I：
10.1016/j.resourpol.2024.105224
中图分类号：
学科分类号：
摘要：
Natural resources are of strategic importance for the economic and social development of countries. Various macroeconomic factors can affect natural resource rent (NAT). In this context, this study examines the impact of labor force, GDP, population density, urbanization, trade openness, geopolitical risk (GR), and load capacity factor (LCF) on NAT for the top 10 oil suppliers. For this purpose, the study uses the Cross-Sectional Augmented Distributed Lag (CS-ARDL) approach from 1992/1 to 2021/12. The study results indicate that GDP, GR, labor force, and trade openness increase NAT, whereas urbanization has no impact on NAT. It is also found that population density and LCF reduce NAT. The findings suggest that the upsurge in geopolitical risk can stimulate natural resource extraction in the top 10 oil supplier countries while improving the regenerative capacity of the environment of these societies can reduce NAT activities. Policymakers should consider these results when determining NAT policies. © 2024 Elsevier Ltd
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