The goal of this study was to investigate whether natural resource dependence affects per capita growth through the financial system. A well-developed financial system provides better access to credit which is essential to economic growth. Therefore, if natural resource dependence hinders...

Institutional quality has both short-term and long-term impacts on economic growth. Its short-term impact comes from the quality of institutions ex ante while its long-term impact comes from the quality of institutions ex post. Ex post institutions are shaped by the direct impact of resource...

This paper revisits the original natural resource curse study conducted by Sachs and Warner to investigate the relationship between natural resource dependence and per capita growth in recent data consisting of 68 developing countries that includes 14 Middle East & North Africa (MENA) and 6 Gulf...