The oil curse, institutional quality, and growth in MENA countries: Evidence from time-varying cointegration
Journal article
Apergis, Nicholas and Payne, James 2014. The oil curse, institutional quality, and growth in MENA countries: Evidence from time-varying cointegration. Energy Economics.
Authors | Apergis, Nicholas and Payne, James |
---|---|
Abstract | This study re-examines the impact of oil abundance on economic growth in a number of MENA (Middle East and North African) countries for the period 1990–2013. Given the number of economic and institutional reforms undertaken by these countries in recent years, we incorporate measures of institutional quality to evaluate if oil abundance impacts economic growth differently. The results from time-varying cointegration reveal that better institutional quality reduces the unfavorable effect of oil reserves on the performance of the real economy. |
Keywords | Oil curse hypothesis; Economic growth; Economic and institutional reforms; MENA countries |
Year | 2014 |
Journal | Energy Economics |
Publisher | Elsevier |
ISSN | 0140-9883 |
Web address (URL) | http://hdl.handle.net/10545/623405 |
http://creativecommons.org/licenses/by-nc/4.0/ | |
hdl:10545/623405 | |
Publication dates | 16 Sep 2014 |
Publication process dates | |
Deposited | 28 Jan 2019, 17:50 |
Accepted | 29 Aug 2014 |
Contributors | University of Piraeus and Georgia College & State University |
File | File Access Level Open |
File | File Access Level Open |
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https://repository.derby.ac.uk/item/94x2w/the-oil-curse-institutional-quality-and-growth-in-mena-countries-evidence-from-time-varying-cointegration
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