Doğal Kaynaklar ve Beşeri Sermaye Ekonomik Büyüme Üzerinde Etkili mi? MINT Ülkeleri için Kaynak Laneti Hipotezi Bakımından Bir İnceleme

Öz

Bu çalışmanın temel amacı, MINT ülkelerinde kaynak laneti hipotezi çerçevesinde 1990-2019 dönemi için doğal kaynaklar ve beşeri sermayenin ekonomik büyüme üzerindeki uzun vadeli etkisini incelemektir. Ayrıca çalışmada, sabit sermaye stoku ve işgücünün de ekonomik büyüme üzerindeki uzun vadeli etkisi test edilmiştir. Westerlund ECM panel eş bütünleşme yaklaşımının kullanıldığı çalışmada, değişkenler arasında uzun dönemli bir ilişkinin var olduğu ortaya konmuştur. Uzun dönem denkleminden elde edilen katsayıların tahmini, CCEMG prosedürü kullanılarak gerçekleştirilmiştir. Son olarak, CCEMG tahmin bulgularının sağlamlık sınaması CS-ARDL yaklaşımı vasıtasıyla yapılmıştır. CCEMG bulgularına göre MINT ülkelerinde, kaynak laneti hipotezinin geçerli olduğu doğrulanmaktadır. Ayrıca, CCEMG bulguları beşeri sermaye ve sabit sermaye stokundaki artışların ekonomik büyümeyi olumlu etkilediğini gösterirken, işgücünün ekonomik büyüme üzerinde istatistiki olarak anlamlı bir etkisinin olmadığını göstermektedir. CS-ARDL yaklaşımından elde edilen sonuçların, CCEMG bulgularını destekler nitelikte olduğu görülmektedir. Ampirik sonuçlara dayalı olarak, MINT ülkeleri doğal kaynaklarını etkin ve verimli kullanmalı ve beşeri sermaye stokunun gelişimi için özellikle eğitim temelli yatırımları arttırmalıdır.

Anahtar Kelimeler

• Kaynak Laneti Hipotezi
• Beşeri Sermaye
• CCEMG
• CS-ARDL

Are Natural Resources and Human Capital Effective on Economic Growth? A Review of the Resource Curse Hypothesis for MINT Countries

Öz

The main purpose of this study is to examine the long-term effects of natural resources and human capital on economic growth for the period 1990-2019 within the framework of the resource curse hypothesis in MINT countries. In addition, the long-term effects of fixed capital stock and labor force on economic growth are also tested in the study. In the study, in which the Westerlund ECM panel cointegration approach was used, it was revealed that there is a long-term relationship between the variables. The estimation of the coefficients obtained from the long-run equation was performed using the CCEMG procedure Finally, robustness testing of the CCEMG prediction findings was conducted through the CS-ARDL approach. The CCEMG findings confirm that the resource curse hypothesis is valid in MINT countries. In addition, CCEMG findings show that while increases in human capital and fixed capital stock positively affect economic growth, labor force does not have a statistically significant effect on economic growth. The results obtained from the CS-ARDL approach appear to support the CCEMG findings. Based on the empirical results, MINT countries should use their natural resources effectively and efficiently and increase investments, especially education-based, for the development of human capital stock.

Anahtar Kelimeler

• Resource Curse Hypothesis
• Human Capital
• CCEMG
• CS-ARDL

Kaynakça

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