NATURAL RESOURCE ABUNDANT, HUMAN CAPITAL AND ECONOMIC GROWTH IN PETROLEUM EXPORTING COUNTRIES

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BEHBOUDI DAVOUD; ASGHARPOUR HOSSIEN; MAMIPOUR SIAB

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Journal: Iranian Journal of Economic Research Year:2009 | Volume:13 | Issue:40 Page(s): 125-147

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Title

NATURAL RESOURCE ABUNDANT, HUMAN CAPITAL AND ECONOMIC GROWTH IN PETROLEUM EXPORTING COUNTRIES

Author(s)

BEHBOUDI DAVOUD | ASGHARPOUR HOSSIEN | MAMIPOUR SIAB | Issue Writer Certificate

Keywords

ECONOMIC GROWTHQ2

NATURAL RESOURCE ABUNDANTQ2

HUMAN CAPITALQ2

PANEL DATAQ2

PETROLEUM EXPORTING COUNTRIESQ2

Abstract

Growth literature indicates that HUMAN CAPITAL, education and technological progress are effective factors on ECONOMIC GROWTH. Empirical studies present that natural resource abundance have an important role on ECONOMIC GROWTH in natural-resource rich countries. This study essay investigates the relationship between natural resource abundance, HUMAN CAPITAL and ECONOMIC GROWTH in two cases of petroleum exporters' countries: A) Major petroleum exporters1 B) Other petroleum exporters.We use a PANEL DATA for the period 1970-2004. The results indicate that physical investment and openness have positive impact on ECONOMIC GROWTH, and resource abundant and government expenditure ae inversely related with ECONOMIC GROWTH.Human capital has a different impact in the two cases It has a negative impact on ECONOMIC GROWTH in the first case, but a positive impact in the second case We can conclude that HUMAN CAPITAL can be main factor to explain slow growth in resource rich countries. Countries that are rich in mineral and oil resources neglect the developing of their human resources by devoting inadequate attention and expenditure to education. So these countries have lower growth rate with respect to others.

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رشد اقتصادی در کشورهای دارای منابع طبیعی: مورد کشورهای صادر کننده نفت

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APA: Copy

BEHBOUDI, DAVOUD, ASGHARPOUR, HOSSIEN, & MAMIPOUR, SIAB. (2009). NATURAL RESOURCE ABUNDANT, HUMAN CAPITAL AND ECONOMIC GROWTH IN PETROLEUM EXPORTING COUNTRIES. IRANIAN ECONOMIC RESEARCH, 13(40), 125-147. SID. https://sid.ir/paper/2821/en

Vancouver: Copy

BEHBOUDI DAVOUD, ASGHARPOUR HOSSIEN, MAMIPOUR SIAB. NATURAL RESOURCE ABUNDANT, HUMAN CAPITAL AND ECONOMIC GROWTH IN PETROLEUM EXPORTING COUNTRIES. IRANIAN ECONOMIC RESEARCH[Internet]. 2009;13(40):125-147. Available from: https://sid.ir/paper/2821/en

IEEE: Copy

DAVOUD BEHBOUDI, HOSSIEN ASGHARPOUR, and SIAB MAMIPOUR, “NATURAL RESOURCE ABUNDANT, HUMAN CAPITAL AND ECONOMIC GROWTH IN PETROLEUM EXPORTING COUNTRIES,” IRANIAN ECONOMIC RESEARCH, vol. 13, no. 40, pp. 125–147, 2009, [Online]. Available: https://sid.ir/paper/2821/en

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