CAUSAL RELATIONSHIPS BETWEEN GOOD GOVERNANCE ELEMENTS IN THE COUNTRIES AT THE RISK OF NATURAL RESOURCE CURSE

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MIRSHOJAEIAN HOSSEINI HOSSEIN; RAHBAR FARHAD

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Journal: Journal of Economic Studies and Policies Year:2012 | Volume:7 (17) | Issue:2 (87) Page(s): 67-86

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Title

CAUSAL RELATIONSHIPS BETWEEN GOOD GOVERNANCE ELEMENTS IN THE COUNTRIES AT THE RISK OF NATURAL RESOURCE CURSE

Author(s)

MIRSHOJAEIAN HOSSEINI HOSSEIN | RAHBAR FARHAD | Issue Writer Certificate

Keywords

NATURAL RESOURCE CURSEQ3

GOOD GOVERNANCEQ2

GRANGER CAUSALITY TESTQ3

Abstract

Sachs and Warner (1995) proposed "NATURAL RESOURCE CURSE" hypothesis that believed natural resource-rich countries have lower growth rate relative to the others. Different models like Dutch disease, rent seeking, patronage, and destruction of institutions have been designed to explain the hypothesis. The emerging consensus believes that natural resource abundance is not the determinant of cursing or blessing of natural resources. In fact, what is the key driving force is the institutional quality of countries. The current paper investigates the causal relationships between the elements of GOOD GOVERNANCE in the countries at the risk of NATURAL RESOURCE CURSE to find a road map for the countries that want to escape or prevent from this curse. The paper reveals that two elements of GOOD GOVERNANCE, i.e., control of corruption and regulatory quality, have higher priorities than the others due to their casual impacts.

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APA: Copy

MIRSHOJAEIAN HOSSEINI, HOSSEIN, & RAHBAR, FARHAD. (2012). CAUSAL RELATIONSHIPS BETWEEN GOOD GOVERNANCE ELEMENTS IN THE COUNTRIES AT THE RISK OF NATURAL RESOURCE CURSE. JOURNAL OF ECONOMIC STUDIES AND POLICIES, 7 (17)(2 (87)), 67-86. SID. https://sid.ir/paper/219094/en

Vancouver: Copy

MIRSHOJAEIAN HOSSEINI HOSSEIN, RAHBAR FARHAD. CAUSAL RELATIONSHIPS BETWEEN GOOD GOVERNANCE ELEMENTS IN THE COUNTRIES AT THE RISK OF NATURAL RESOURCE CURSE. JOURNAL OF ECONOMIC STUDIES AND POLICIES[Internet]. 2012;7 (17)(2 (87)):67-86. Available from: https://sid.ir/paper/219094/en

IEEE: Copy

HOSSEIN MIRSHOJAEIAN HOSSEINI, and FARHAD RAHBAR, “CAUSAL RELATIONSHIPS BETWEEN GOOD GOVERNANCE ELEMENTS IN THE COUNTRIES AT THE RISK OF NATURAL RESOURCE CURSE,” JOURNAL OF ECONOMIC STUDIES AND POLICIES, vol. 7 (17), no. 2 (87), pp. 67–86, 2012, [Online]. Available: https://sid.ir/paper/219094/en

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