This paper attempts to study precisely the natural resource (oil& gas reserves) effect on economic development profile … empirically as to what extent has been influenced by oil wealth. First, we will test if economic growth and development is … positively changing with more level of oil and gas reserves in cross-country dataset. Second, we try to chase the oil revenue …

obstacles to integration are highlighted: ?Limited trade complementarity induced by excess reliance on oil and lagged …

, and the real value of oil production. Secondly, we investigate the long-run (level) impacts of natural resource abundance … substantial cross-sectional dependence and cross-country heterogeneity in our sample, which covers 53 oil exporting and importing … developed by Pesaran (2006) and Pedroni (2000) for estimation. Our results, using the real value of oil production, rent or …

Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their … confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been … which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt …

analyzing the effect of oil production on different indicators of the development level of municipalities: school enrollment …