Empirical evidence on the resource curse hypothesis in oil abundant economy

This present study investigates the relationship between natural resource abundance and economic growth for Venezuelan economy. We have applied the ARDL bounds testing approach to cointegration developed by Pesaran et al. (2001) to examine its long run relationship amid the variables. The VECM Granger causality is applied to test the direction of causality among the variables. This study covers the period of 1971–2011.

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Year of publication:	2014
Authors:	Satti, Saqlain Latif ; Farooq, Abdul ; Loganathan, Nanthakumar ; Shahbaz, Muhammad
Published in:	Economic Modelling. - Elsevier, ISSN 0264-9993. - Vol. 42.2014, C, p. 421-429
Publisher:	Elsevier
Subject:	Natural resource abundance \| Economic growth \| Cointegration

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010931022