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Petrol Gelirleri ve Ekonomik Büyüme: Seçilmiş Petrol Zengini Gelişmekte Olan Ülkeler Üzerine Bir Panel Veri Analizi

Author

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  • Mehmet DEMİRAL
  • Harun BAL
  • Emrah Eray AKÇA

Abstract

This study purposes to explore how the oil revenues affect the economic growth in selected 12 oil-rich developing countries. Real gross domestic product per capita represents the economic growth, while oil revenue is proxied by crude oil price and export. Real effective exchange rate and consumer price index expected to effect the relationship are also added to the model as other regressors. Panel data regression analysis for the period 2000-2010 is conducted to search for the resource curse symptom. The evidence that positive effect of oil revenues on growth is very slight, supports the ‘resource curse hypotheses’. Overall results emphasize the importance of the policies intended for using oil resources more efficiently and preventing the arising of resource curse mechanisms.

Suggested Citation

  • Mehmet DEMİRAL & Harun BAL & Emrah Eray AKÇA, 2016. "Petrol Gelirleri ve Ekonomik Büyüme: Seçilmiş Petrol Zengini Gelişmekte Olan Ülkeler Üzerine Bir Panel Veri Analizi," Sosyoekonomi Journal, Sosyoekonomi Society, issue 24(27).
    • Handle: RePEc:sos:sosjrn:160105
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    Cited by:

    1. Artur Bolganbayev & Kundyz Myrzabekkyzy & Sabit Baimaganbetov & Dinmukhamed Kelesbayev, 2021. "The Effect of Oil Prices on the Economic Growth of Oil Exporting Countries Bordering the Caspian Sea: Panel Data Analysis," International Journal of Energy Economics and Policy, Econjournals, vol. 11(6), pages 432-437.

    More about this item

    Keywords

    Resource Curse; Oil Revenues; Economic Growth; Panel Data Analysis; Oil-Rich Developing Countries.;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General

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