RESOURCE CURSE, ECONOMIC GROWTH AND DEVELOPMENT: PANEL DATA EVIDENCE FROM NATURAL RESOURCES-RICH COUNTRIES

This thesis examines three plausible explanations for the natural resource curse phenomenon– the Dutch disease, institutional quality, and human capital. The phenomenon implies that countries rich in natural resources tend to have lower economic growth and development compared to countries that have fewer natural resources. The examination of this phenomenon has been organised into three empirical essays in the thesis. The first empirical essay applies the panel data fixed effect with Driscoll and Kraay’s standard errors and cross-sectional augmented distributed lag (CS-ARDL) approaches to exa... Mehr ...