Dilemma of Natural Resource Abundance
A Case Study of Kuwait
Bibliographic Data
| ID | 3561571 |
|---|---|
| Authors | Ruba A Aljarallah (0000-0003-2779-3330, Cranfield University, corresponding author), Andrew Angus (0000-0001-6606-2050, Cranfield University) |
| Year | 2020 |
| Volume | 10 |
| Issue | 1 |
| Publication date | 2020-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | SAGE Open (JOURNAL) |
| Journal identifiers | ISSN: 2158-2440 • E-ISSN: 2158-2440 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/2158244019899701 |
| OpenAlex | W3001591730 |
| Language | EN |
| Citations received | 1 |
| References cited | 188 |
There is a lively debate about the relationship between a nation's natural resource abundance and economic growth. Some view natural resource abundance as a curse, whereas others view it as a blessing. This study examines the economic, social, and political effects of resource abundance in an oil-rich country, Kuwait, using data from 1984 to 2014. This study analyzes the short- and long-run impacts of resource rents on per capita gross domestic product (GDP), productivity, human capital, and institutional quality. The study reveals through autoregressive distributed lag modeling and error correction modeling that resource rents increase per capita GDP merely in the short-run; however, resource rents deteriorate productivity, human capital, and institutional quality in both the short and the long-run. These results indicate that, for Kuwait, the overreliance on its natural resources has been detrimental over the long-run. The study suggests that there is a need to improve the quality of institutions and enhance the level of human capital to get economic sustainability and development over time
Development economics · Economic growth · Economic rent · Economics · Gross domestic product · Human capital · Market economy · Natural resource · Natural resource economics · Per capita · Population · Productivity · Resource allocation · Resource curse · Resource productivity · Energy, Environment, Economic Growth · Mining and Resource Management · Natural Resources and Economic Development · Ecology
Natural Resource Abundance and Economic Growth
Chapter 9 Accounting for Cross-Country Income Differences
Determinants of Long-Term Growth
Resource abundance and economic growth in the United States
Corruption in natural resource management
The resource curse hypothesis and its transmission channels
International R&D spillovers and institutions
The evolution of the natural resource curse thesis
The role of human capital in economic development evidence from aggregate cross-country data
An Autoregressive Distributed-Lag Modelling Approach to Cointegration Analysis
Natural resources, education, and economic development
Human Capital and Regional Development
Corruption, economic growth, and income inequality in Africa
Inequality in Landownership, the Emergence of Human-Capital Promoting Institutions, and the Great Divergence
Cursed by Resources or Institutions?
The Varieties of Resource Experience
Education for Growth
The Rise of Europe
Resource Curse or Not
Booming Sector and Dutch Disease Economics
Natural resources, democracy and corruption
Addressing the Natural Resource Curse
The resource curse revisited and revised
A Mixed Blessing
Institutions Rule
Institutions and Economic Performance
The Colonial Origins of Comparative Development
Bounds testing approaches to the analysis of level relationships
The Next Generation of the Penn World Table
The curse of natural resources
Resource Abundance and Economic Development
Institutions, Institutional Change and Economic Performance
The impact of poor health on total factor productivity
What Determines the Quality of Institutions
The Institutional Economics of Corruption and Reform
Corruption and Growth
Corruption and Economic Growth
Governance regimes, corruption and growth
Rents, Competition, and Corruption
Corruption, Public Investment, and Growth
Accountability and Corruption
Corruption, institutions, and economic development
Human Capital, the Structure of Production, and Growth
The Elusive Curse of Oil
The Effects of Entry on Incumbent Innovation and Productivity
Technical Change and the Aggregate Production Function
The social development effects of primary commodity export dependence
Environment, human development and economic growth
Natural Resource Curse, Total Factor Productivity and Regional Disparity in China
Extending the concept of the resource curse
Corruption across countries
Natural resource abundance and human capital accumulation
Shining a Light on the Resource Curse
Does the “Resource Curse” hold for Growth in Genuine Income as Well
Natural wealth accounts
Resource intensity, institutions, and development
Savings, Growth and the Resource Curse Hypothesis
Cursing the Blessings? Natural Resource Abundance, Institutions, and Economic Growth
The Resource Curse and its Potential Reversal
Economic Freedom and Productivity Growth in Resource-rich Economies
Do Natural Resource Revenues Hinder Financial Development? The Role of Political Institutions
The big push, natural resource booms and growth
On the distribution of education and democracy
Rent-seeking and resource booms
A new data set of educational attainment in the world, 1950–2010
The resource curse
Does natural resource abundance increase Latin American income inequality
Constitutions and the resource curse
Natural resources, rent seeking and welfare
Does corruption grease or sand the wheels of growth
The resource curse revisited
Corruption and Rent-Seeking
Booming Sector and De-Industrialisation in a Small Open Economy
Economic Analysis of Corruption
The Long Term Consequences of Resource‐Based Specialisation
Management development in China
A Contribution to the Theory of Economic Growth
Escaping the Resource Curse
The Political Economy of the Resource Curse
Conditioning the “Resource Curse
What Have We Learned about the Resource Curse
Is There Really a Resource Curse? A Critical Survey of Theory and Evidence
Sources of Corruption
Tropics, germs, and crops
The Role Of Education Quality For Economic Growth
Does Oil Hinder Democracy
Why do Some Countries Produce So Much More Output Per Worker than Others
Returns to investment in education
Political foundations of the resource curse
Do Institutions Cause Growth
Why Do Developing Countries Tax So Little
Multimodel Inference
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2026 - 2026 (1) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 1 |