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Natural resources, political competition, and economic growth: An empirical evidence from dynamic panel threshold kink analysis in Iranian provinces

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  • Maddah, Majid
  • Ghaffari Nejad, Amir Hossein
  • Sargolzaei, Mostafa

Abstract

Using dynamic panel threshold kink model approach, this paper measures the threshold level of political competition maximizing economic growth in the provinces of Iran during the years 2000–2019 and analyzes the moderation role of political competition in functioning of the resource curse hypothesis. Our results show that various indicators of political competition have a threshold effect on economic growth and the nonlinear relationship between political competition and economic growth is confirmed as U-shaped, based on which political competition above the threshold level leads to more economic growth. We also find that political competition affects the functioning of resource curse hypothesis in the provinces of Iran by moderating the effect of oil revenues on economic growth. Considering the spatial effects in the dynamic panel threshold kink regression model, which has been modeled for the first time in the provinces of Iran, has led to the robustness of the research findings. Our findings support the positive and significant effect of political competition on economic growth in countries with natural resources.

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  • Maddah, Majid & Ghaffari Nejad, Amir Hossein & Sargolzaei, Mostafa, 2022. "Natural resources, political competition, and economic growth: An empirical evidence from dynamic panel threshold kink analysis in Iranian provinces," Resources Policy, Elsevier, vol. 78(C).
    • Handle: RePEc:eee:jrpoli:v:78:y:2022:i:c:s0301420722003725
    DOI: 10.1016/j.resourpol.2022.102928
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    More about this item

    Keywords

    Political competition; Economic growth; Resource curse; Dynamic panel threshold kink model; Spatial effect; Iran;
    All these keywords.

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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