Research Article
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The Impact of the Natural Resources Rents on the Economic Growth: The Case of Qatar

Year 2023, Volume: 12 Issue: 24, 7 - 13, 29.12.2023
https://doi.org/10.55589/bsbd.1361199

Abstract

This study aimed to measure the impact of natural resource returns on the economic growth in Qatar, in an attempt to find out whether the resource curse is valid in this country which is abundant in natural resources, especially oil and gas. For this purpose, ARDL model and the time series for the period (1985-2017) were used. The experimental results of the study showed a co-integration relationship between the returns of natural resources and the economic growth in Qatar. The empirical findings of the study show that the natural resources have a negative and significant impact on the economic growth in the long run. Therefore, we can say that the risks of the resource curse apply to Qatar.

References

  • Kolstad, I., & Wiig, A. (2009). Political Economy Models of the Resource Curse: Implications for Policy And Research. https://www.africaportal.org/documents/689/SAIIA_Occasional_Paper_40.pdf, (Erişim: 20.02.2022)
  • Venables, A. J. (2016). Using Natural Resources for Development: Why Has It Proven So Difficult? Journal of Economic Perspectives, 30(1), 161-84.
  • Sachs, J. D., & Warner, A. M. (1995). Natural Resource Abundance and Economic Growth (No. w5398). National Bureau of Economic Research. https://www.nber.org/system/files/working_papers/w5398/w5398.pdf, (Erişim: 10.03.2023)
  • Corden, W. M. (1984). Booming Sector and Dutch Disease Economics: Survey and Consolidation. Oxford Economic Papers, 36(3), 359-380.
  • Auty, R. (1993). Sustaining Development In Mineral Economies: The Resource Curse Thesis. London: Routledge.
  • Gelb, A. H. & Associates (1988). Oil Windfalls: Blessing or Curse? New York: Ox-ford University Press.
  • Gylfason, T., & Zoega, G. (2006). Natural Resources and Economic Growth: The Role of İnvestment. World Economy, 29(8), 1091-1115.
  • Aali, A. (2012), Hollanda Hastalığı Üzerinde Ampirik Bir Araştırma. Yüksek Lisans Tezi. Erzurum: Atatürk Üniversitesi.
  • Yürük, M. S. (2008). Kaynakların Laneti Olgusu: Rusya Örneği. Yüksek Lisans Tezi. Edirne: Trakya Üniversitesi.
  • Anisa, R. & Mustaf, B. (2014), Exhausted Natural Resources and their Impact on Economic Growth: A Case Study of Petroleum in Algeria, Recherchers Economiques Manageriales, 8(1), 293–314.
  • Mehar, M. R., Hasan, A., Sheikh, M. A., & Adeeb, B. (2018). Total Natural Resources Rent Relation with Economic Growth: The Case of Pakistan and India. European Jour-nal of Economic and Business, 3(3), 14-22.
  • Şanlısoy, S., & Ekinci, R. (2019). Azerbaycan Ekonomisinin Hollanda Hastalığı Açısından Değerlendirilmesi. Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 26(2), 595-608.
  • Hamdi, H., & Sbia, R. (2013). Dynamic Relationships Between Oil Revenues, Government Spending and Economic Growth in an Oil-Dependent Economy. Economic Modelling, 35, 118-125.
  • Ahmad, A. H., & Masan, S. (2015). Dynamic Relationships Between Oil Revenue, Government Spending and Economic Growth in Oman. International Journal of Busi-ness and Economic Development, 3(2), 93-115.
  • Tsani, S. (2013). Natural resources, governance and institutional quality: The role of resource funds. Resources Policy, 38(2), 181-195.
  • World Bank: https://www.worldbank.org// (Erişim: 10.02.2022)
  • Organization of Islamic Cooperation: http://www.sesric.org/oicstat-ar.php (20.03.2022)
  • Narayan, Paresh and Smyth, Russell. (2008). “Energy Consumption and Real GDP in G7 Countries: New Evidence from Panel Co-integration with Structural Breaks”. Energy Economics, 30(5), 2331–2341.
  • Pesaran, M.H., Shin, Y. & Smith, R.J. (2001). Bounds Testing Approaches to the Analysis of Level Relationships. Journal of Applied Econometrics, 16, 289-326.
  • Pesaran, M. & Pesaran, B. (1997). Working with Microfit 4.0: Interactive Econo-metric Analysis. Oxford: Oxford University Press.

Doğal Kaynak Kazancının Ekonomik Büyümeye Etkisi: Katar Örneği

Year 2023, Volume: 12 Issue: 24, 7 - 13, 29.12.2023
https://doi.org/10.55589/bsbd.1361199

Abstract

Bu çalışma, Katar'da doğal kaynak kazancının ekonomik büyüme üzerindeki etkisini ölçmeyi ve başta petrol ve gaz olmak üzere doğal kaynaklar açısından zengin olan bu ülkede kaynak lanetinin geçerli olup olmadığını ortaya çıkarmayı amaçlamıştır. Çalışmada, ARDL modeli ve (1985-2017) dönemine ait zaman serisi kullanılmıştır. Araştırma sonucu, Katar'da doğal kaynakların getirisi ile ekonomik büyüme arasında eş-bütünleşme ilişkisi olduğunu göstermiştir. Çalışmanın ampirik bulguları, doğal kaynakların uzun vadede ekonomik büyüme üzerinde negatif ve anlamlı bir etkiye sahip olduğunu göstermektedir. Dolayısıyla kaynak lanetinin risklerinin Katar için de geçerli olduğu söylenebilmektedir.

References

  • Kolstad, I., & Wiig, A. (2009). Political Economy Models of the Resource Curse: Implications for Policy And Research. https://www.africaportal.org/documents/689/SAIIA_Occasional_Paper_40.pdf, (Erişim: 20.02.2022)
  • Venables, A. J. (2016). Using Natural Resources for Development: Why Has It Proven So Difficult? Journal of Economic Perspectives, 30(1), 161-84.
  • Sachs, J. D., & Warner, A. M. (1995). Natural Resource Abundance and Economic Growth (No. w5398). National Bureau of Economic Research. https://www.nber.org/system/files/working_papers/w5398/w5398.pdf, (Erişim: 10.03.2023)
  • Corden, W. M. (1984). Booming Sector and Dutch Disease Economics: Survey and Consolidation. Oxford Economic Papers, 36(3), 359-380.
  • Auty, R. (1993). Sustaining Development In Mineral Economies: The Resource Curse Thesis. London: Routledge.
  • Gelb, A. H. & Associates (1988). Oil Windfalls: Blessing or Curse? New York: Ox-ford University Press.
  • Gylfason, T., & Zoega, G. (2006). Natural Resources and Economic Growth: The Role of İnvestment. World Economy, 29(8), 1091-1115.
  • Aali, A. (2012), Hollanda Hastalığı Üzerinde Ampirik Bir Araştırma. Yüksek Lisans Tezi. Erzurum: Atatürk Üniversitesi.
  • Yürük, M. S. (2008). Kaynakların Laneti Olgusu: Rusya Örneği. Yüksek Lisans Tezi. Edirne: Trakya Üniversitesi.
  • Anisa, R. & Mustaf, B. (2014), Exhausted Natural Resources and their Impact on Economic Growth: A Case Study of Petroleum in Algeria, Recherchers Economiques Manageriales, 8(1), 293–314.
  • Mehar, M. R., Hasan, A., Sheikh, M. A., & Adeeb, B. (2018). Total Natural Resources Rent Relation with Economic Growth: The Case of Pakistan and India. European Jour-nal of Economic and Business, 3(3), 14-22.
  • Şanlısoy, S., & Ekinci, R. (2019). Azerbaycan Ekonomisinin Hollanda Hastalığı Açısından Değerlendirilmesi. Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 26(2), 595-608.
  • Hamdi, H., & Sbia, R. (2013). Dynamic Relationships Between Oil Revenues, Government Spending and Economic Growth in an Oil-Dependent Economy. Economic Modelling, 35, 118-125.
  • Ahmad, A. H., & Masan, S. (2015). Dynamic Relationships Between Oil Revenue, Government Spending and Economic Growth in Oman. International Journal of Busi-ness and Economic Development, 3(2), 93-115.
  • Tsani, S. (2013). Natural resources, governance and institutional quality: The role of resource funds. Resources Policy, 38(2), 181-195.
  • World Bank: https://www.worldbank.org// (Erişim: 10.02.2022)
  • Organization of Islamic Cooperation: http://www.sesric.org/oicstat-ar.php (20.03.2022)
  • Narayan, Paresh and Smyth, Russell. (2008). “Energy Consumption and Real GDP in G7 Countries: New Evidence from Panel Co-integration with Structural Breaks”. Energy Economics, 30(5), 2331–2341.
  • Pesaran, M.H., Shin, Y. & Smith, R.J. (2001). Bounds Testing Approaches to the Analysis of Level Relationships. Journal of Applied Econometrics, 16, 289-326.
  • Pesaran, M. & Pesaran, B. (1997). Working with Microfit 4.0: Interactive Econo-metric Analysis. Oxford: Oxford University Press.
There are 20 citations in total.

Details

Primary Language English
Subjects Growth
Journal Section Research Article
Authors

Erdal Arslan 0000-0003-4892-2963

Early Pub Date December 31, 2023
Publication Date December 29, 2023
Acceptance Date September 19, 2023
Published in Issue Year 2023 Volume: 12 Issue: 24

Cite

APA Arslan, E. (2023). The Impact of the Natural Resources Rents on the Economic Growth: The Case of Qatar. Balkan Sosyal Bilimler Dergisi, 12(24), 7-13. https://doi.org/10.55589/bsbd.1361199