Oil resources and institutional quality impact on the development process : cases of Kuwait and Venezuela
Joint Authors
Bin Ayyad, Muhammad Samir
Redif, Mustafa
Hamzah, Ali
Source
Issue
Vol. 9, Issue 1 (31 Jul. 2019), pp.27-40, 14 p.
Publisher
University of Eloued Faculty of Economics Commercial and Management Sciences
Publication Date
2019-07-31
Country of Publication
Algeria
No. of Pages
14
Main Subjects
Topics
- Economic conditions
- Economic development
- Petroleum resources
- Case studies
- Kuwait
- Twenty-first century
- Twentieth century
- Venezuela
- Economic aspects
Abstract EN
The Analysis of natural resources impact on economic growth and development is due to the beginning in specialization of many economies in the production of energy resources such as oil, gas and minerals.
Empirical studies have not yet reached a common conclusion about this relationship.
40% of them found that natural resources have a negative impact on economic growth, 20% have a positive effect, and 40% have no significant results.
In this study, we try to re-examine this relationship in Kuwait and Venezuela for the period 1990-2014, using the VECM model that explains the impact of oil resources and the institutional quality on the HDI in the long term.
The results indicate that the government effectiveness index has a positive impact on the human development index in both Kuwait and Venezuela during the study period.
This is justified by the fact that natural resources served an important aspect of development issues in the sample countries with varying percentages
American Psychological Association (APA)
Hamzah, Ali& Bin Ayyad, Muhammad Samir& Redif, Mustafa. 2019. Oil resources and institutional quality impact on the development process : cases of Kuwait and Venezuela. Economic Visions Review،Vol. 9, no. 1, pp.27-40.
https://search.emarefa.net/detail/BIM-890606
Modern Language Association (MLA)
Hamzah, Ali…[et al.]. Oil resources and institutional quality impact on the development process : cases of Kuwait and Venezuela. Economic Visions Review Vol. 9, no. 1 (Jul. 2019), pp.27-40.
https://search.emarefa.net/detail/BIM-890606
American Medical Association (AMA)
Hamzah, Ali& Bin Ayyad, Muhammad Samir& Redif, Mustafa. Oil resources and institutional quality impact on the development process : cases of Kuwait and Venezuela. Economic Visions Review. 2019. Vol. 9, no. 1, pp.27-40.
https://search.emarefa.net/detail/BIM-890606
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 37-40
Record ID
BIM-890606
