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

Economies ◽  
2017 ◽  
Vol 5 (1) ◽  
pp. 6 ◽  
Author(s):  
Petar Kurecic ◽  
Filip Kokotovic
Keyword(s):  
Natural Resource ◽  
Resource Curse ◽  
Natural Resource Curse ◽  
The Impact

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 A Multivariate VAR Model for Evaluating Sustainable Finance and Natural Resource Curse in West Africa: Evidence from Nigeria and Ghana

2021 ◽  
Vol 13 (5) ◽  
pp. 2847
Author(s):  
Olatunji Abdul Shobande ◽  
Joseph Onuche Enemona
Keyword(s):  
Natural Resource ◽  
Critical Role ◽  
Resource Curse ◽  
Policy Implications ◽  
Vector Autoregressive ◽  
Natural Resource Curse ◽  
Cointegration Tests ◽  
Sustainable Finance ◽  
Private Investors ◽  
Sustainable Financing

The financial sector plays a critical role in society by mediating resources and assets within the economy between surplus and deficit units. Therefore, they have a great responsibility for the sustainability and prosperity of natural endowments. This study aimed to determine whether sustainable finance matters for the natural resource curse in Nigeria and Ghana. The empirical evidence is based on the Bayer and Hanck combined cointegration tests and Vector Autoregressive/Vector Error Correction Granger causality tests. The study highlights the importance of sustainable financing in natural resources management. Our findings also confirmed the existence of the financial resource curse in Nigeria and Ghana. Likewise, the medium through which sustainable finance affects the natural resource curse has been identified as the human development index (economic welfare). This current study has critical policy implications that suggest the need to establish a vibrant, sustainable financing strategy to assist domestic private investors with a strong interest in natural resource exploration and development, taking into account macroeconomic sustainability. Additionally, it also important to build a strong financial market which allows for policies designed to promote natural resource management.

scholarly journals Poverty, Inequality, and the Local Natural Resource Curse

2013 ◽  
Author(s):  
Norman Loayza ◽  
Alfredo Mier y Teran ◽  
Jamele Rigolini
Keyword(s):  
Natural Resource ◽  
Resource Curse ◽  
Natural Resource Curse

scholarly journals Deep Determinants of Corruption? A Subnational Analysis of Resource Curse Dynamics in American States

2019 ◽  
Vol 73 (1) ◽  
pp. 111-125 ◽  
Author(s):  
Michael Tyburski ◽  
Patrick Egan ◽  
Aaron Schneider
Keyword(s):  
American Literature ◽  
Natural Resource ◽  
Linear Models ◽  
Generalized Method Of Moments ◽  
Resource Curse ◽  
Resource Extraction ◽  
Natural Resource Extraction ◽  
American States ◽  
Determinants Of Corruption ◽  
The Impact

Drawing on comparative resource curse literature and American literature on the determinants of corruption, we argue that the impact of natural resource extraction on corruption outcomes is state-dependent. That is, in environments where corruption is already high, natural resource windfalls allow political actors and economic elites to take advantage of state brokerage, further increasing corruption. However, in previously less-corrupt states, increased natural resource extraction will not induce corruption. We rely on hierarchical linear models to interpret federal corruption convictions data for the fifty American states between 1976 and 2012 and employ generalized method of moments estimators to account for potential endogeneity. The findings are robust to alternative specifications and have implications for the management of new resource extraction opportunities.

scholarly journals Oil and Governance in Uganda

2015 ◽  
Vol 5 (1) ◽  
pp. 40 ◽  
Author(s):  
Terrell George Manyak
Keyword(s):  
Developing Countries ◽  
Natural Resource ◽  
Resource Curse ◽  
Natural Resource Curse ◽  
Oil Companies ◽  
Long Run ◽  
Fragile Environment ◽  
Oil Deposits ◽  
The Government ◽  
Institutional Foundations

Many critical governance issues were created with the discovery of major oil deposits in Uganda.  Because developing countries like Uganda lack strong institutional foundations, it is widely assumed that riches flowing from oil will result in huge sums of money being diverted to politicians while the country ends up worse off in the long run. Uganda certainly faces this “natural resource curse,” but the potential for corruption is only one of many governance issues arising from the potential of oil riches. The government needs to work effectively with foreign oil companies and neighboring countries to recover and transport the oil. It must also establish institutions and procedures to manage its new oil economy.  Moreover, questions must be answered regarding ownership the oil producing lands and how the fragile environment of the country can be protected.  

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