Natural resources, institutional quality and economic development in oil-rich countries : the case of Arab countries
Joint Authors
Sami, Layla
Birgugui, Barhim
Talbi, Badr al-Din
Source
Issue
Vol. 2017, Issue 15 (31 Dec. 2017), pp.6-15, 10 p.
Publisher
Publication Date
2017-12-31
Country of Publication
Algeria
No. of Pages
10
Main Subjects
Topics
Abstract EN
This paper attempts to interacted different measures of institutional quality and oil dependence to provide an answer to the following question: Why Arab oil-rich countries develop at a slower rate compared with less fortunate ones? To achieve that, we apply a panel data model to data on oil dependence variables, economic development and several institutional variables in 08 Arab countries over the period 1996 to 2015.
The empirical results reveal that the higher level of Regulatory Quality and Rule of Law is most potent in delivering economic growth these countries.
The results also shed light on the fact that the countries with high-quality institutions natural resources enhance economic development while most of the Arab oil-rich countries have an insufficient institutional quality to insulate the economy from the resource curse.
American Psychological Association (APA)
Birgugui, Barhim& Sami, Layla& Talbi, Badr al-Din. 2017. Natural resources, institutional quality and economic development in oil-rich countries : the case of Arab countries. Les Cahiers du MECAS،Vol. 2017, no. 15, pp.6-15.
https://search.emarefa.net/detail/BIM-1163132
Modern Language Association (MLA)
Birgugui, Barhim…[et al.]. Natural resources, institutional quality and economic development in oil-rich countries : the case of Arab countries. Les Cahiers du MECAS No. 15 (Dec. 2017), pp.6-15.
https://search.emarefa.net/detail/BIM-1163132
American Medical Association (AMA)
Birgugui, Barhim& Sami, Layla& Talbi, Badr al-Din. Natural resources, institutional quality and economic development in oil-rich countries : the case of Arab countries. Les Cahiers du MECAS. 2017. Vol. 2017, no. 15, pp.6-15.
https://search.emarefa.net/detail/BIM-1163132
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 14-15
Record ID
BIM-1163132