Araştırma Makalesi
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Yıl 2020, Cilt: 9 Sayı: 17, 77 - 93, 09.07.2020

Öz

Kaynakça

  • Abdulahi, M. E., Shu, Y., & Khan, M. A. (2019). Resource rents, economic growth, and the role of institutional quality: A panel threshold analysis. Resources Policy, 61, 293-303.
  • Ades, A. and Di Tella, R. (1999). Rents, competition and corruption. American Economic Review, 89, 982-993.
  • Aidt, T. S. (2016). Rent seeking and the economics of corruption. Constitutional Political Economy, 27(2), 142-157.
  • Aktaş, C. (2017). Causal Relationship Between Coal Consumption and Economic Growth in Turkey. Ünye İktisadi ve İdari Bilimler Fakültesi Dergisi, 1(2), 78-83.
  • Alesina, A., & Perotti, R. (1996). Income distribution, political instability, and investment. European economic review, 40(6), 1203-1228.
  • Alexeev, M., & Chernyavskiy, A. (2015). Taxation of natural resources and economic growth in Russia's regions. Economic Systems, 39(2), 317-338.
  • Arezki, R., & Brückner, M. (2011). Oil rents, corruption, and state stability: Evidence from panel data regressions. European Economic Review, 55(7), 955-963.
  • Arriola, L. R. (2009). Patronage and political stability in Africa. Comparative Political Studies, 42(10), 1339-1362.
  • Asongu, S. A., & Nwachukwu, J. C. (2016). The role of lifelong learning on political stability and nonviolence: evidence from Africa. Journal of Economic Studies, 43(1), 141-164.
  • Atkinson, G., & Hamilton, K. (2003). Savings, growth and the resource curse hypothesis. World development, 31(11), 1793-1807.
  • Atkinson, S. E., & Kerkvliet, J. (1986). Measuring the multilateral allocation of rents: Wyoming low-sulfur coal. The Rand Journal of Economics, 416-430.
  • Auriol, E., Straub, S., & Flochel, T. (2016). Public procurement and rent-seeking: the case of Paraguay. World Development, 77, 395-407.
  • Bakaki, Z. (2016). Fossil Fuel Rents: Who Initiates International Crises?. Peace Economics, Peace Science and Public Policy, 22(2), 173-190.
  • Bekun, F. V., Alola, A. A., & Sarkodie, S. A. (2019). Toward a sustainable environment: Nexus between CO2 emissions, resource rent, renewable and nonrenewable energy in 16-EU countries. Science of The Total Environment, 657, 1023-1029.
  • Ben-Salha, O., Dachraoui, H., & Sebri, M. (2018). Natural resource rents and economic growth in the top resource-abundant countries: a PMG estimation. Resources Policy.
  • Bhattacharyya, S., & Hodler, R. (2010). Natural resources, democracy and corruption. European Economic Review, 54(4), 608-621.
  • Bjorvatn, K., & Farzanegan, M. R. (2013). Demographic transition in resource rich countries: A blessing or a curse?. World Development, 45, 337-351.
  • Bjorvatn, K., & Farzanegan, M. R. (2015). Resource rents, balance of power, and political stability. Journal of Peace Research, 52(6), 758-773.
  • Bjorvatn, K., Farzanegan, M. R., & Schneider, F. (2012). Resource curse and power balance: Evidence from oil-rich countries. World Development, 40(7), 1308-1316.
  • Blanco, L., & Grier, R. (2009). Long live democracy: the determinants of political instability in Latin America. The Journal of Development Studies, 45(1), 76-95.
  • Bollen, K. A. (1990). Political democracy: Conceptual and measurement traps. Studies in Comparative International Development, 25(1), 7-24.
  • Bomsel, O. (2018). Mineral rents and social orders: when Radetzki meets Douglass North. Mineral Economics, 31(1-2), 7-11.
  • Brooks, M. A. & Heudra, B. J. (1989). An exploration of rent seeking. Economic Record, 65(1), 32-50.
  • Brun, C., Cook, A. R., Lee, J. S. H., Wich, S. A., Koh, L. P., & Carrasco, L. R. (2015). Analysis of deforestation and protected area effectiveness in Indonesia: A comparison of Bayesian spatial models. Global Environmental Change, 31, 285-295.
  • Brunnschweiler, C. N. (2008). Cursing the blessings? Natural resource abundance, institutions, and economic growth. World development, 36(3), 399-419.
  • Brunnschweiler, C. N., & Bulte, E. H. (2008). Are resource-rich countries cursed? Linking natural resources to slow growth and more conflict. Science, 320, 616-617.
  • Bussmann, M., Scheuthle, H., & Schneider, G. (2006). Trade liberalization and political instability in developing countries. In Programming for Peace (pp. 49-70). Springer, Dordrecht.
  • Butkiewicz, J. L., & Yanikkaya, H. (2010). Minerals, institutions, openness, and growth: an empirical analysis. Land Economics, 86(2), 313-328.
  • Canache, D., & Allison, M. E. (2005). Perceptions of political corruption in Latin American democracies. Latin American Politics and Society, 47(3), 91-111.
  • Caporale, T., & Leirer, J. (2010). Take the money and run: Political turnover, rent-seeking and economic growth. Journal of Economic Behavior & Organization, 76(2), 406-412.
  • Carreri, M., & Dube, O. (2017). Do natural resources influence who comes to power, and how?. The Journal of Politics, 79(2), 502-518.
  • Cavalcanti, T. V. D. V., Mohaddes, K., & Raissi, M. (2011). Growth, development and natural resources: New evidence using a heterogeneous panel analysis. The Quarterly Review of Economics and Finance, 51(4), 305-318.
  • Chang, T., Deale, D., Gupta, R., Hefer, R., Inglesi-Lotz, R., & Simo-Kengne, B. (2017). The causal relationship between coal consumption and economic growth in the BRICS countries: Evidence from panel-Granger causality tests. Energy Sources, Part B: Economics, Planning, and Policy, 12(2), 138-146.
  • Chao, J. (2015). How Does Foreign Aid affect Political Stability? University of California, Berkeley. Unpublished thesis.
  • Chen, H., Feng, Q., Zhu, D., Han, S., & Long, R. (2016). Impact of rent-seeking on productivity in Chinese coal mine safety supervision: A simulation study. Energy policy, 93, 315-329.
  • Collier, P., & Hoeffler, A. (2005). Resource rents, governance, and conflict. Journal of conflict resolution, 49(4), 625-633.
  • Damette, O., & Seghir, M. (2018). Natural resource curse in oil exporting countries: A nonlinear approach. International economics, 156, 231-246.
  • De Soysa, I., & Malmin Binningsbø, H. (2005). The devil's excrement as social cement: natural resources and political terror, 1980–2002. International Social Science Journal, 57, 21-32.
  • Devereux, M. B., & Wen, J. F. (1998). Political instability, capital taxation, and growth. European Economic Review, 42(9), 1635-1651.
  • Farzanegan, M. R., Lessmann, C., & Markwardt, G. (2018). Natural resource rents and internal conflicts: Can decentralization lift the curse?. Economic Systems, 42(2), 186-205.
  • Farzanegan, M. R.; Witthuhn, S. (2014): Demographic transition and political stability: Does corruption matter?, Joint Discussion Paper Series in Economics, No. 59-2014, Univ., Dep. Of Business Administration & Economics, Marburg
  • Farzanegan, M. R., & Witthuhn, S. (2017). Corruption and political stability: Does the youth bulge matter?. European Journal of Political Economy, 49, 47-70.
  • Feng, Y. (1997). Democracy, political stability and economic growth. British Journal of Political Science, 27(3), 391-418.
  • Gerelmaa, L., & Kotani, K. (2016). Further investigation of natural resources and economic growth: Do natural resources depress economic growth?. Resources Policy, 50, 312-321.
  • Gurgel, A., Reilly, J. M., & Paltsev, S. (2007). Potential land use implications of a global biofuels industry. Journal of Agricultural & Food Industrial Organization, 5(2).
  • Gurgul, H., & Lach, Ł. (2013). Political instability and economic growth: Evidence from two decades of transition in CEE. Communist and Post-Communist Studies, 46(2), 189-202.
  • Hassan, S. T., Xia, E., Huang, J., Khan, N. H., & Iqbal, K. (2019). Natural resources, globalization, and economic growth: evidence from Pakistan. Environmental Science and Pollution Research, 26(15), 15527-15534.
  • Havranek, T., Horvath, R., & Zeynalov, A. (2016). Natural resources and economic growth: a meta-analysis. World Development, 88, 134-151.
  • Hodler, R. (2006). The curse of natural resources in fractionalized countries. European Economic Review, 50(6), 1367-1386.
  • Hyytiäinen, K., & Tahvonen, O. (2003). Maximum sustained yield, forest rent or Faustmann: does it really matter?. Scandinavian Journal of Forest Research, 18(5), 457-469.
  • Jensen, N., & Wantchekon, L. (2004). Resource wealth and political regimes in Africa. Comparative political studies, 37(7), 816-841.
  • Jović, S., Maksimović, G., & Jovović, D. (2016). Appraisal of natural resources rents and economic development. Resources Policy, 50, 289-291.
  • Kamat, V. R., Le Billon, P., Mwaipopo, R., & Raycraft, J. (2019). Natural gas extraction and community development in Tanzania: Documenting the gaps between rhetoric and reality. The Extractive Industries and Society, In Press.
  • Karl, T. L. (2007). Oil-led development: social, political, and economic consequences. Encyclopedia of energy, 4(8), 661-672.
  • Kato, G. (2005). Forestry sector reform and distributional change of natural resource rent in Indonesia. The Developing Economies, 43(1), 149-170.
  • Kimenyi, M. S., & Mbaku, J. M. (1993). Rent-seeking and institutional stability in developing countries. Public Choice, 77(2), 385-405.
  • Kimenyi, M. S., & Mbaku, J. M. (1995). Rents, military elites, and political democracy. European Journal of Political Economy, 11(4), 699-708.
  • Klomp, J., & de Haan, J. (2016). Election cycles in natural resource rents: Empirical evidence. Journal of Development Economics, 121, 79-93.
  • Koyuncu, C., & Lien, D. (2002). Measuring Rent-Seeking Activity Levels in OECD Countries: A MIMIC Approach. European Economic and Political Issues, 6, 19-30.
  • Koyuncu, C. & Unver, M. (2019). An Empirical Analysis of the Association between Natural Resource Rents and Corruption. Rasim Yilmaz and Günther Löschnigg (Eds.), in Studies on Balkan and Near Eastern Social Sciences (Volume: 3, pg: 221-231), Berlin: Peter Lang.
  • Kumar, S., & Shahbaz, M. (2012). Coal consumption and economic growth revisited: structural breaks, cointegration and causality tests for Pakistan. Energy Exploration & Exploitation, 30(3), 499-521.
  • Laporte, B., & De Quatrebarbes, C. (2015). What do we know about the sharing of mineral resource rent in Africa?. Resources Policy, 46, 239-249.
  • Liefert, W. M. (1991). Economic rent and estimation of Soviet GNP growth. Review of Income and Wealth, 37(2), 159-176.
  • Liu, B., Lin, Y., Chan, K. C., & Fung, H. G. (2018). The dark side of rent-seeking: The impact of rent-seeking on earnings management. Journal of Business Research, 91, 94-107.
  • Long, M. A., Stretesky, P. B., & Lynch, M. J. (2017). Foreign Direct Investment, Ecological Withdrawals, and Natural-Resource-Dependent Economies. Society & natural resources, 30(10), 1261-1276.
  • Luckert, M. M. (2007). Property rights, forest rents, and trade: The case of US countervailing duties on Canadian softwood lumber. Forest policy and economics, 9(6), 581-590.
  • Magee, C. S., & Massoud, T. G. (2011). Openness and internal conflict. Journal of Peace Research, 48(1), 59-72.
  • Marshall, M. G. & Elzinga-Marshall, G. (2017). Global report 2017: conflict, governance and state fragility. Vienna, VA: Center for Systemic Peace.
  • Mbaku, J., & Paul, C. (1989). Political instability in Africa: A rent-seeking approach. Public Choice, 63(1), 63-72.
  • Mehlum, H., Moene, K. O., & Torvik, R. (2011). Mineral Rents and Social Development in Norway, Momerandum, (No. 14/2011). Oslo University, Department of Economics.
  • Mehrara, M., & Baghbanpour, J. (2015). Analysis of the Relationship between Total Natural Resources Rent and Economic Growth: The Case of Iran and MENA Countries. International Journal of Applied Economic Studies, 3(5), 1-7.
  • Okada, K., & Samreth, S. (2017). Corruption and natural resource rents: evidence from quantile regression. Applied Economics Letters, 24(20), 1490-1493.
  • Ravetti, C., Sarr, M., & Swanson, T. (2018). Foreign aid and political instability in resource-rich countries. Resources Policy, 58, 277-294.
  • Steinwand, M. C. (2015). Foreign aid and political stability. Conflict Management and Peace Science, 32(4), 395-424.
  • Sun, H. P., Sun, W. F., Geng, Y., Yang, X., & Edziah, B. K. (2019). How does natural resource dependence affect public education spending?. Environmental Science and Pollution Research, 26(4), 3666-3674.
  • Sunderlin, W., Dewi, S., Puntodewo, A., Müller, D., Angelsen, A., & Epprecht, M. (2008). Why forests are important for global poverty alleviation: a spatial explanation. Ecology and society, 13(2).
  • Tollison, R. D. (1982). Rent seeking: A survey. Kyklos, 35(4), 575-602.
  • Torvik, R. (2002). Natural resources, rent-seeking and welfare. Journal of development economics, 67(2), 455-470.
  • Uddin, M. A., Ali, M. H., & Masih, M. (2017). Political stability and growth: An application of dynamic GMM and quantile regression. Economic Modelling, 64, 610-625.
  • Van der Ploeg, F. (2011). Natural resources: curse or blessing?. Journal of Economic Literature, 49(2), 366-420.
  • Weber, J. G. (2012). The effects of a natural gas boom on employment and income in Colorado, Texas, and Wyoming. Energy Economics, 34(5), 1580-1588.
  • Welsch, H. (2008). Resource abundance and internal armed conflict: Types of natural resources and the incidence of ‘new wars’. Ecological Economics, 67(3), 503-513.
  • Xu, J., Zhou, M., & Li, H. (2018). The drag effect of coal consumption on economic growth in China during 1953–2013. Resources, Conservation and Recycling, 129, 326-332.
  • Zallé, O. (2018). Natural resources and economic growth in Africa: The role of institutional quality and human capital. Resources Policy.

DO NATURAL RESOURCE RENTS MATTER FOR POLITICAL STABILITY?: AN EMPIRICAL EVIDENCE

Yıl 2020, Cilt: 9 Sayı: 17, 77 - 93, 09.07.2020

Öz

This paper empirically tries to examine whether total natural resource rents have effects on political stability across seven different regional groups by utilizing an unbalanced sample containing 158 countries for the period of 1990-2017 in the largest sense. These seven groups are the entire sample, developing countries, OECD countries, East Asian and Pacific countries, Latin American and Caribbean countries, Sub-Saharan countries, and African countries. We also included four more determinants of political stability in our models, which are GDP per capita, democracy, total population, and trade openness levels, in light of the studies in political stability literature. Our results show that an increase in the share of total natural resource rents leads to a decrease in political stability. In addition, this paper also determines that there are significantly positive effects of GDP per capita and democracy levels on political stability in all regions while total population level generally has a negative and statistically significant effect on political stability. Besides, as to the estimation results, trade openness positively and significantly affects political stability almost in all models.

Kaynakça

  • Abdulahi, M. E., Shu, Y., & Khan, M. A. (2019). Resource rents, economic growth, and the role of institutional quality: A panel threshold analysis. Resources Policy, 61, 293-303.
  • Ades, A. and Di Tella, R. (1999). Rents, competition and corruption. American Economic Review, 89, 982-993.
  • Aidt, T. S. (2016). Rent seeking and the economics of corruption. Constitutional Political Economy, 27(2), 142-157.
  • Aktaş, C. (2017). Causal Relationship Between Coal Consumption and Economic Growth in Turkey. Ünye İktisadi ve İdari Bilimler Fakültesi Dergisi, 1(2), 78-83.
  • Alesina, A., & Perotti, R. (1996). Income distribution, political instability, and investment. European economic review, 40(6), 1203-1228.
  • Alexeev, M., & Chernyavskiy, A. (2015). Taxation of natural resources and economic growth in Russia's regions. Economic Systems, 39(2), 317-338.
  • Arezki, R., & Brückner, M. (2011). Oil rents, corruption, and state stability: Evidence from panel data regressions. European Economic Review, 55(7), 955-963.
  • Arriola, L. R. (2009). Patronage and political stability in Africa. Comparative Political Studies, 42(10), 1339-1362.
  • Asongu, S. A., & Nwachukwu, J. C. (2016). The role of lifelong learning on political stability and nonviolence: evidence from Africa. Journal of Economic Studies, 43(1), 141-164.
  • Atkinson, G., & Hamilton, K. (2003). Savings, growth and the resource curse hypothesis. World development, 31(11), 1793-1807.
  • Atkinson, S. E., & Kerkvliet, J. (1986). Measuring the multilateral allocation of rents: Wyoming low-sulfur coal. The Rand Journal of Economics, 416-430.
  • Auriol, E., Straub, S., & Flochel, T. (2016). Public procurement and rent-seeking: the case of Paraguay. World Development, 77, 395-407.
  • Bakaki, Z. (2016). Fossil Fuel Rents: Who Initiates International Crises?. Peace Economics, Peace Science and Public Policy, 22(2), 173-190.
  • Bekun, F. V., Alola, A. A., & Sarkodie, S. A. (2019). Toward a sustainable environment: Nexus between CO2 emissions, resource rent, renewable and nonrenewable energy in 16-EU countries. Science of The Total Environment, 657, 1023-1029.
  • Ben-Salha, O., Dachraoui, H., & Sebri, M. (2018). Natural resource rents and economic growth in the top resource-abundant countries: a PMG estimation. Resources Policy.
  • Bhattacharyya, S., & Hodler, R. (2010). Natural resources, democracy and corruption. European Economic Review, 54(4), 608-621.
  • Bjorvatn, K., & Farzanegan, M. R. (2013). Demographic transition in resource rich countries: A blessing or a curse?. World Development, 45, 337-351.
  • Bjorvatn, K., & Farzanegan, M. R. (2015). Resource rents, balance of power, and political stability. Journal of Peace Research, 52(6), 758-773.
  • Bjorvatn, K., Farzanegan, M. R., & Schneider, F. (2012). Resource curse and power balance: Evidence from oil-rich countries. World Development, 40(7), 1308-1316.
  • Blanco, L., & Grier, R. (2009). Long live democracy: the determinants of political instability in Latin America. The Journal of Development Studies, 45(1), 76-95.
  • Bollen, K. A. (1990). Political democracy: Conceptual and measurement traps. Studies in Comparative International Development, 25(1), 7-24.
  • Bomsel, O. (2018). Mineral rents and social orders: when Radetzki meets Douglass North. Mineral Economics, 31(1-2), 7-11.
  • Brooks, M. A. & Heudra, B. J. (1989). An exploration of rent seeking. Economic Record, 65(1), 32-50.
  • Brun, C., Cook, A. R., Lee, J. S. H., Wich, S. A., Koh, L. P., & Carrasco, L. R. (2015). Analysis of deforestation and protected area effectiveness in Indonesia: A comparison of Bayesian spatial models. Global Environmental Change, 31, 285-295.
  • Brunnschweiler, C. N. (2008). Cursing the blessings? Natural resource abundance, institutions, and economic growth. World development, 36(3), 399-419.
  • Brunnschweiler, C. N., & Bulte, E. H. (2008). Are resource-rich countries cursed? Linking natural resources to slow growth and more conflict. Science, 320, 616-617.
  • Bussmann, M., Scheuthle, H., & Schneider, G. (2006). Trade liberalization and political instability in developing countries. In Programming for Peace (pp. 49-70). Springer, Dordrecht.
  • Butkiewicz, J. L., & Yanikkaya, H. (2010). Minerals, institutions, openness, and growth: an empirical analysis. Land Economics, 86(2), 313-328.
  • Canache, D., & Allison, M. E. (2005). Perceptions of political corruption in Latin American democracies. Latin American Politics and Society, 47(3), 91-111.
  • Caporale, T., & Leirer, J. (2010). Take the money and run: Political turnover, rent-seeking and economic growth. Journal of Economic Behavior & Organization, 76(2), 406-412.
  • Carreri, M., & Dube, O. (2017). Do natural resources influence who comes to power, and how?. The Journal of Politics, 79(2), 502-518.
  • Cavalcanti, T. V. D. V., Mohaddes, K., & Raissi, M. (2011). Growth, development and natural resources: New evidence using a heterogeneous panel analysis. The Quarterly Review of Economics and Finance, 51(4), 305-318.
  • Chang, T., Deale, D., Gupta, R., Hefer, R., Inglesi-Lotz, R., & Simo-Kengne, B. (2017). The causal relationship between coal consumption and economic growth in the BRICS countries: Evidence from panel-Granger causality tests. Energy Sources, Part B: Economics, Planning, and Policy, 12(2), 138-146.
  • Chao, J. (2015). How Does Foreign Aid affect Political Stability? University of California, Berkeley. Unpublished thesis.
  • Chen, H., Feng, Q., Zhu, D., Han, S., & Long, R. (2016). Impact of rent-seeking on productivity in Chinese coal mine safety supervision: A simulation study. Energy policy, 93, 315-329.
  • Collier, P., & Hoeffler, A. (2005). Resource rents, governance, and conflict. Journal of conflict resolution, 49(4), 625-633.
  • Damette, O., & Seghir, M. (2018). Natural resource curse in oil exporting countries: A nonlinear approach. International economics, 156, 231-246.
  • De Soysa, I., & Malmin Binningsbø, H. (2005). The devil's excrement as social cement: natural resources and political terror, 1980–2002. International Social Science Journal, 57, 21-32.
  • Devereux, M. B., & Wen, J. F. (1998). Political instability, capital taxation, and growth. European Economic Review, 42(9), 1635-1651.
  • Farzanegan, M. R., Lessmann, C., & Markwardt, G. (2018). Natural resource rents and internal conflicts: Can decentralization lift the curse?. Economic Systems, 42(2), 186-205.
  • Farzanegan, M. R.; Witthuhn, S. (2014): Demographic transition and political stability: Does corruption matter?, Joint Discussion Paper Series in Economics, No. 59-2014, Univ., Dep. Of Business Administration & Economics, Marburg
  • Farzanegan, M. R., & Witthuhn, S. (2017). Corruption and political stability: Does the youth bulge matter?. European Journal of Political Economy, 49, 47-70.
  • Feng, Y. (1997). Democracy, political stability and economic growth. British Journal of Political Science, 27(3), 391-418.
  • Gerelmaa, L., & Kotani, K. (2016). Further investigation of natural resources and economic growth: Do natural resources depress economic growth?. Resources Policy, 50, 312-321.
  • Gurgel, A., Reilly, J. M., & Paltsev, S. (2007). Potential land use implications of a global biofuels industry. Journal of Agricultural & Food Industrial Organization, 5(2).
  • Gurgul, H., & Lach, Ł. (2013). Political instability and economic growth: Evidence from two decades of transition in CEE. Communist and Post-Communist Studies, 46(2), 189-202.
  • Hassan, S. T., Xia, E., Huang, J., Khan, N. H., & Iqbal, K. (2019). Natural resources, globalization, and economic growth: evidence from Pakistan. Environmental Science and Pollution Research, 26(15), 15527-15534.
  • Havranek, T., Horvath, R., & Zeynalov, A. (2016). Natural resources and economic growth: a meta-analysis. World Development, 88, 134-151.
  • Hodler, R. (2006). The curse of natural resources in fractionalized countries. European Economic Review, 50(6), 1367-1386.
  • Hyytiäinen, K., & Tahvonen, O. (2003). Maximum sustained yield, forest rent or Faustmann: does it really matter?. Scandinavian Journal of Forest Research, 18(5), 457-469.
  • Jensen, N., & Wantchekon, L. (2004). Resource wealth and political regimes in Africa. Comparative political studies, 37(7), 816-841.
  • Jović, S., Maksimović, G., & Jovović, D. (2016). Appraisal of natural resources rents and economic development. Resources Policy, 50, 289-291.
  • Kamat, V. R., Le Billon, P., Mwaipopo, R., & Raycraft, J. (2019). Natural gas extraction and community development in Tanzania: Documenting the gaps between rhetoric and reality. The Extractive Industries and Society, In Press.
  • Karl, T. L. (2007). Oil-led development: social, political, and economic consequences. Encyclopedia of energy, 4(8), 661-672.
  • Kato, G. (2005). Forestry sector reform and distributional change of natural resource rent in Indonesia. The Developing Economies, 43(1), 149-170.
  • Kimenyi, M. S., & Mbaku, J. M. (1993). Rent-seeking and institutional stability in developing countries. Public Choice, 77(2), 385-405.
  • Kimenyi, M. S., & Mbaku, J. M. (1995). Rents, military elites, and political democracy. European Journal of Political Economy, 11(4), 699-708.
  • Klomp, J., & de Haan, J. (2016). Election cycles in natural resource rents: Empirical evidence. Journal of Development Economics, 121, 79-93.
  • Koyuncu, C., & Lien, D. (2002). Measuring Rent-Seeking Activity Levels in OECD Countries: A MIMIC Approach. European Economic and Political Issues, 6, 19-30.
  • Koyuncu, C. & Unver, M. (2019). An Empirical Analysis of the Association between Natural Resource Rents and Corruption. Rasim Yilmaz and Günther Löschnigg (Eds.), in Studies on Balkan and Near Eastern Social Sciences (Volume: 3, pg: 221-231), Berlin: Peter Lang.
  • Kumar, S., & Shahbaz, M. (2012). Coal consumption and economic growth revisited: structural breaks, cointegration and causality tests for Pakistan. Energy Exploration & Exploitation, 30(3), 499-521.
  • Laporte, B., & De Quatrebarbes, C. (2015). What do we know about the sharing of mineral resource rent in Africa?. Resources Policy, 46, 239-249.
  • Liefert, W. M. (1991). Economic rent and estimation of Soviet GNP growth. Review of Income and Wealth, 37(2), 159-176.
  • Liu, B., Lin, Y., Chan, K. C., & Fung, H. G. (2018). The dark side of rent-seeking: The impact of rent-seeking on earnings management. Journal of Business Research, 91, 94-107.
  • Long, M. A., Stretesky, P. B., & Lynch, M. J. (2017). Foreign Direct Investment, Ecological Withdrawals, and Natural-Resource-Dependent Economies. Society & natural resources, 30(10), 1261-1276.
  • Luckert, M. M. (2007). Property rights, forest rents, and trade: The case of US countervailing duties on Canadian softwood lumber. Forest policy and economics, 9(6), 581-590.
  • Magee, C. S., & Massoud, T. G. (2011). Openness and internal conflict. Journal of Peace Research, 48(1), 59-72.
  • Marshall, M. G. & Elzinga-Marshall, G. (2017). Global report 2017: conflict, governance and state fragility. Vienna, VA: Center for Systemic Peace.
  • Mbaku, J., & Paul, C. (1989). Political instability in Africa: A rent-seeking approach. Public Choice, 63(1), 63-72.
  • Mehlum, H., Moene, K. O., & Torvik, R. (2011). Mineral Rents and Social Development in Norway, Momerandum, (No. 14/2011). Oslo University, Department of Economics.
  • Mehrara, M., & Baghbanpour, J. (2015). Analysis of the Relationship between Total Natural Resources Rent and Economic Growth: The Case of Iran and MENA Countries. International Journal of Applied Economic Studies, 3(5), 1-7.
  • Okada, K., & Samreth, S. (2017). Corruption and natural resource rents: evidence from quantile regression. Applied Economics Letters, 24(20), 1490-1493.
  • Ravetti, C., Sarr, M., & Swanson, T. (2018). Foreign aid and political instability in resource-rich countries. Resources Policy, 58, 277-294.
  • Steinwand, M. C. (2015). Foreign aid and political stability. Conflict Management and Peace Science, 32(4), 395-424.
  • Sun, H. P., Sun, W. F., Geng, Y., Yang, X., & Edziah, B. K. (2019). How does natural resource dependence affect public education spending?. Environmental Science and Pollution Research, 26(4), 3666-3674.
  • Sunderlin, W., Dewi, S., Puntodewo, A., Müller, D., Angelsen, A., & Epprecht, M. (2008). Why forests are important for global poverty alleviation: a spatial explanation. Ecology and society, 13(2).
  • Tollison, R. D. (1982). Rent seeking: A survey. Kyklos, 35(4), 575-602.
  • Torvik, R. (2002). Natural resources, rent-seeking and welfare. Journal of development economics, 67(2), 455-470.
  • Uddin, M. A., Ali, M. H., & Masih, M. (2017). Political stability and growth: An application of dynamic GMM and quantile regression. Economic Modelling, 64, 610-625.
  • Van der Ploeg, F. (2011). Natural resources: curse or blessing?. Journal of Economic Literature, 49(2), 366-420.
  • Weber, J. G. (2012). The effects of a natural gas boom on employment and income in Colorado, Texas, and Wyoming. Energy Economics, 34(5), 1580-1588.
  • Welsch, H. (2008). Resource abundance and internal armed conflict: Types of natural resources and the incidence of ‘new wars’. Ecological Economics, 67(3), 503-513.
  • Xu, J., Zhou, M., & Li, H. (2018). The drag effect of coal consumption on economic growth in China during 1953–2013. Resources, Conservation and Recycling, 129, 326-332.
  • Zallé, O. (2018). Natural resources and economic growth in Africa: The role of institutional quality and human capital. Resources Policy.
Toplam 84 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Makaleler
Yazarlar

Jülide Yalçınkaya Koyuncu 0000-0001-7930-4901

Mustafa Ünver 0000-0002-0491-3080

Yayımlanma Tarihi 9 Temmuz 2020
Yayımlandığı Sayı Yıl 2020 Cilt: 9 Sayı: 17

Kaynak Göster

APA Yalçınkaya Koyuncu, J., & Ünver, M. (2020). DO NATURAL RESOURCE RENTS MATTER FOR POLITICAL STABILITY?: AN EMPIRICAL EVIDENCE. Global Journal of Economics and Business Studies, 9(17), 77-93.