THE EFFECTS OF RESOURCES CURSE PHENOMENA ON FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: A DYNAMIC PANEL APPROACH

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

ASADI ZIVAR; BAHRAMI JAVID; TALEBLOO REZA

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH Year:2013 | Volume:3 | Issue:10 Page(s): 9-26

Download Full-Text

Persian Verion

View:

1,048

Download:

Cites:

Information Journal Paper

Title

THE EFFECTS OF RESOURCES CURSE PHENOMENA ON FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: A DYNAMIC PANEL APPROACH

Author(s)

ASADI ZIVAR | BAHRAMI JAVID | TALEBLOO REZA | Issue Writer Certificate

Keywords

ECONOMIC GROWTHQ2

FINANCIAL DEVELOPMENTQ2

INVESTMENTQ2

RESOURCE CURSEQ2

SYSTEM GMM (GENERALIZED METHOD OF MOMENT) ESTIMATORQ2

Abstract

This paper evaluates the role played by FINANCIAL DEVELOPMENT in ECONOMIC GROWTH, and also, the effect of ECONOMIC GROWTH on FINANCIAL DEVELOPMENT of thirty six oil vis-a-vis nonoil economies during 1982-2011. Based on a panel of 5-years averages, we apply System Generalized Method of Moments (SYS-GMM) to estimate the dynamic equations.The estimation results show that FINANCIAL DEVELOPMENT plays a crucial role in the efficiency of INVESTMENT, and thus, in performance of those economies. However the quality of financial institutions varies significantly between oil and nonoil countries.Another important result is that, despite of relatively high level of INVESTMENT in oil economies, the quality of INVESTMENT is really poor. This suggests that it is not the level of INVESTMENT on its own but the quality of INVESTMENT which is important. The high level of INVESTMENT should be accompanied by a well developed financial system which channels financial resources away from less production projects. We also find that, the positive effect of per capita income on FINANCIAL DEVELOPMENT is smaller in oil economies, and that, the real exchange rate is among the determinants of FINANCIAL DEVELOPMENT in those economies.

Cites

THRESHOLD EFFECTS OF FINANCIAL DEVELOPMENT ON ECONOMIC GROWTH IN D-8 COUNTRIES

References

No record.

Cite

APA: Copy

ASADI, ZIVAR, BAHRAMI, JAVID, & TALEBLOO, REZA. (2013). THE EFFECTS OF RESOURCES CURSE PHENOMENA ON FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: A DYNAMIC PANEL APPROACH. JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, 3(10), 9-26. SID. https://sid.ir/paper/192224/en

Vancouver: Copy

ASADI ZIVAR, BAHRAMI JAVID, TALEBLOO REZA. THE EFFECTS OF RESOURCES CURSE PHENOMENA ON FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: A DYNAMIC PANEL APPROACH. JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH[Internet]. 2013;3(10):9-26. Available from: https://sid.ir/paper/192224/en

IEEE: Copy

ZIVAR ASADI, JAVID BAHRAMI, and REZA TALEBLOO, “THE EFFECTS OF RESOURCES CURSE PHENOMENA ON FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH: A DYNAMIC PANEL APPROACH,” JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, vol. 3, no. 10, pp. 9–26, 2013, [Online]. Available: https://sid.ir/paper/192224/en

Related Journal Papers