scholarly journals Examining the “Natural Resource Curse” and the Impact of Various Forms of Capital in Small Tourism and Natural Resource Dependent Economies

2016 ◽  
Author(s):  
Petar Kurecic ◽  
Filip Kokotovic
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Natural Resource ◽  
Natural Capital ◽  
Strong Dependence ◽  
Resource Curse ◽  
Impulse Response Functions ◽  
Natural Resource Curse ◽  
Small Economies ◽  
The Impact

The question of the relevance of human and natural capital, as well as the potential adverse effect of natural capital on economic growth, has gained increased attention in development economics. The aim of this paper is to theoretically and empirically assess the relevance of several forms of capital on economic growth in small economies that are dependent upon tourism or natural resources. The empirical framework is based on Impulse Response Functions obtained from Vector Autoregressive models in which we focus on the model where economic growth is the dependent variable for ten small economies that are dependent upon either tourism or natural resources. We find that there is evidence of the ‘’natural resource curse’’, especially in the economies that have a strong dependence on resources that are easily substitutable and whose prices constantly fluctuate. We further find that in the majority of observed cases the type of capital these small economies are most dependent on for their economic growth causes negative impulses in the majority of the observed periods. The main policy recommendation should be to assure that even these small economies should strive towards further diversification and avoid dependence on only one segment of their economy.

scholarly journals Teori Kutukan Sumber Daya Alam (Resource Curse) dalam Perspektif Ilmu Politik

2020 ◽  
Vol 12 (1) ◽  
pp. 24-40
Author(s):  
Ahmad Sholikin
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Resource Curse ◽  
Empirical Literature ◽  
Authoritarian Rule ◽  
Institutional Governance ◽  
Natural Resource Curse ◽  
Mineral Wealth ◽  
Determinants Of Corruption ◽  
The Impact

Overall, the empirical literature related to "Natural Resource Curse" can be divided into three main strands; first, which examines the impact of natural resources and economic growth. Literrature studies explain economic outcomes in countries rich in natural resources in part operate from a neoclassical / public choice or behaviorist perspective. The second literacy study; examine the impact of natural resources on democracy or democratic institutions. In one of his previous contributions, Ross (2001) not only discussed the mechanism and channel but also examined it empirically. Ross points out that natural resources in the form of oil and mineral wealth are negatively related to the size of democracy. He also found tentative support for three causal mechanisms connecting oil and authoritarian rule. Third empirical literature review; examines the impact of natural resources on institutional governance measures, such as corruption. Ades and Di Telia (1999), empirically and theoretically look for the determinants of corruption, the results include the impact of natural resources. Using the share of fuel and mineral exports in total exports, they invaded whether an increase in this section led to an increase in corruption in the 1980s and 1990s.

scholarly journals PENGARUH MINYAK DAN GAS TERHADAP KINERJA PERTUMBUHAN EKONOMI REGIONAL: SEBUAH KUTUKAN ATAU ANUGERAH?

2018 ◽  
Vol 2 (2) ◽  
pp. 184-202
Author(s):  
Ahmad Fahriza ◽  
Djoni Hartono
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Natural Resource ◽  
Oil And Gas ◽  
Resource Curse ◽  
Natural Resource Curse ◽  
Natural Oil ◽  
Oil And Gas Resources ◽  
Per Capita ◽  
Using Data

Natural resources, particularly oil and gas, are great benefit to the region that owns it and become one of the region's revenue sources. Nevertheless, Sachs and Warner (1995) found a phenomenon of natural resource curse indicating that the wealth of natural resources could hamper the economic growth. This research tries to see the existence of natural resource curse phenomenon in Indonesia through the performance of regional economic growth; and observes the differences of oil and gas contribution in the economic structure as an indicator of natural resource wealth in the area. Gross Regional Domestic Product Growth (PDRB) per capita without oil and gas is an indicator of the economic growth to see if the oil and gas are inhibiting or accelerating the growth of other sectors in the region's economy. Using data from 33 provinces in Indonesia within the period of 2006-2013, this study found a positive relationship between oil and gas contribution and per capita GDP growth without oil and gas. Based on these findings, natural oil and gas resources have become a boon to the province that owns them.

Algeria and the natural resource curse: oil abundance and economic growth

2017 ◽  
Vol 9 (2) ◽  
pp. 233-255 ◽  
Author(s):  
Sidi Mohammed Chekouri ◽  
Abderrahim Chibi ◽  
Mohamed Benbouziane
Keyword(s):  
Economic Growth ◽  
Natural Resource ◽  
Resource Curse ◽  
Natural Resource Curse

Equality and Its Critics

2017 ◽  
Author(s):  
Chris Armstrong
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Natural Resource ◽  
Global Justice ◽  
Resource Curse ◽  
Resource Endowments ◽  
Egalitarian Theory

What constraints does justice impose on our appropriation, or our holdings, of natural resources? This chapter examines several competing answers to that question. It rejects right-libertarian and minimalist views on resource justice, and instead argues in favour of an egalitarian approach. It then moves on to address some important challenges to an egalitarian theory of resource justice. For instance, it is sometimes argued that the ‘resource curse’ shows that natural resource endowments make little difference to economic growth. If so, egalitarian interest in their distribution is misplaced. The chapter shows how egalitarians should respond to this challenge. It also addresses objections from relationist scholars of global justice, and from those who believe that individual nations or states might have special claims over the resources they control.

scholarly journals Testing the Existence of Natural Resource Curse in Indonesia: The Role of Financial Development

2021 ◽  
Vol 22 (2) ◽  
pp. 213-227
Author(s):  
Sedwivia Ridena ◽  
Nurarifin Nurarifin ◽  
Wawan Hermawan ◽  
Ahmad Komarulzaman
Keyword(s):  
Natural Resources ◽  
Financial Development ◽  
Natural Resource ◽  
Generalized Method Of Moments ◽  
Resource Curse ◽  
Natural Resource Curse ◽  
Economic Output ◽  
Negative Effect ◽  
The Relationship

Natural resources may become a blessing that can contribute to societies’ welfare increases. Yet natural resource abundance could also become a curse for countries’ economic development. Numerous studies have investigated the relationship between natural resources and economic performance. However, the results remain ambiguous and have no consensus in the literature. In specific, most literature focused only on testing the curse’s existence, while studies that involve the role of financial development in mediating the nexus remain scarce. To the best of our knowledge, this is a pioneer study in a developing country endowed by natural resources. Using panel data of 33 provinces from 2012 to 2018, this study implements the Generalized Method of Moments (GMM) technique to examine the existence of the natural resource curse and scrutinize the role of financial development in mitigating the curse. Results show that Indonesia potentially experiences a natural resource curse. Nonetheless, the negative effect of natural resources on economic growth could be mitigated by enhancing the role of financial development to reach a certain threshold over economic output. This study recommends policymakers to not only increase financial development across the provinces but also pay more serious attention to other factors causing the natural resource curse in Indonesia.

scholarly journals IS THE CURSE OF NATURAL RESOURCES OCCURING IN INDONESIA?

2018 ◽  
Vol 11 (1) ◽  
pp. 15-27
Author(s):  
Joko Tri Haryanto
Keyword(s):  
Natural Resources ◽  
Natural Resource ◽  
Central Government ◽  
Resource Curse ◽  
Quadrant Analysis ◽  
Natural Resource Curse ◽  
Mining Areas ◽  
East Kalimantan ◽  
Massive Number ◽  
Early Indication

Theories explain the occurrence of natural resource curse phenomenon as a the conditions in a country has an abundance of mining sector but unsustainable patterns of development. In case of Indonesia, several studies conducted to measure natural resource curse also occurs during decentralization era. Therefore, this research conducted by analyze the performance of APBD in mining areas. By using share analysis, the highest area is East Kalimantan Province, while the lowest is NTT Province. Meanwhile, from growth, the highest area is West Java and the lowest category is Banten Province. From the quadrant analysis, four areas are in the quadrant I, seven areas in quadrant II, six areas in quadrant III and most areas in quadrant IV. This massive number of mining areas in quadrant IV shall inflict a serious note for the Central Government, could be an early indication of the emergence of natural resource curse in Indonesia.  

scholarly journals KEPEMILIKAN SUMBER DAYA ALAM TERHADAP KONDISI SOSIAL EKONOMI WILAYAH DI INDONESIA

2015 ◽  
Vol 4 (1) ◽  
pp. 51
Author(s):  
Atri Putri A ◽  
Zul Azhar ◽  
Joan Marta
Keyword(s):  
Life Expectancy ◽  
Natural Resources ◽  
Natural Resource ◽  
Average Length ◽  
Resource Curse ◽  
Gdp Per Capita ◽  
Forward Region ◽  
Natural Resource Curse ◽  
Per Capita ◽  
The Difference

This study aims to determine the difference in life expectancy, the average, the difference in GDP per capita, and differences in poverty rates between developed regions rich natural resources and developed regions poor in natural resources. This study uses Typology Klassen in sampling, The results showed that there are significant differences in life expectancy in developed regions are rich in natural resources and advanced regions poor in natural resources. There are significant differences in the average length of school in the forward region rich in natural resources and advanced regions poor in natural resources. There are significant differences in GDP per capita between developed regions rich natural resources and developed regions poor in natural resources. There were no significant differences in the levels of poverty in the developed regions rich in natural resources with advanced regions poor in natural resourcesKeyword : natural resource curse, life expetancy, length of school, GDP, poverty

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