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Impact of Mineral Resource Rent on Ecological Footprint in Gulf Countries

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  • Ruba Aljarallah

    (Public Authority for Applied Education and Training)

Abstract

It is mostly the countries in the Gulf region that are blessed with natural resources that are faced with significant resource capital management challenges. As a result, these nations' capacity to utilize their blessed natural resources in the creation of goods that can be exported is reduced. Through the utilization of time-series data spanning the years 2000-2020, the research examined the main critical components that are responsible for causing damage to the ecosystem in five Gulf countries mainly, Saudi Arabia, UAE, Qatar, Kuwait, and Oman. The utilization of resource rents rather than resource value is a direct result of this phenomenon. According to the findings, mineral resource rents are the most significant determinants of the resource, which depletes mineral resources, in addition, economic activity and the renting out of resources also raise the ecological footprint. Industrialization also increases the ecological footprint in Gulf countries. According to the findings, it is vital to enact different resource regulations and policies that could be based on incentives to reduce the ecological footprints and the consumption of natural resources.

Suggested Citation

  • Ruba Aljarallah, 0000. "Impact of Mineral Resource Rent on Ecological Footprint in Gulf Countries," Proceedings of Economics and Finance Conferences 13815837, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:13815837
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    File URL: https://iises.net/proceedings/18th-economics-finance-conference-london/table-of-content/detail?cid=138&iid=001&rid=15837
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    References listed on IDEAS

    as
    1. Ruba Aljarallah, 2019. "Impact of Natural Resource Rents and Institutional Quality on Human Capital: A Case Study of the United Arab Emirates," Resources, MDPI, vol. 8(3), pages 1-11, August.
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    More about this item

    Keywords

    Ecological footprint; Resource rent; Developing countries; Regulation; Environment;
    All these keywords.

    JEL classification:

    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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