TY - JOUR
T1 - Poverty and the resource curse
T2 - Evidence from a global panel of countries
AU - Apergis, Nicholas
AU - Katsaiti, Marina Selini
N1 - Funding Information:
The authors are grateful to Vanessa Smith for providing the code that implements the Smith et al. Panel unit root test. They are also grateful to the participants of the V Meetings on Energy and Environmental Developments organised by the Jaume I University in Villarreal, July 2016, for their comments and suggestions. Special thanks go to Professor Lutz Kilian and Professor Charles Mason whose comments further enhanced the merit of this work. Needless to say, the usual disclaimer applies. The authors also grateful to the Research Center of the University of Piraues (KEPP) for funding assistance.
Publisher Copyright:
© 2018 University of Venice
PY - 2018/6
Y1 - 2018/6
N2 - This paper contributes to the literature in an attempt to shed further light on the mixed evidence about the link between poverty and the abundance of natural resources, i.e. the resource curse hypothesis effect. It makes use of a large country sample, the Headcount Poverty Index, and a number of panel data methodological approaches, spanning the period 1992–2014. The findings document that fossil energy resources exacerbate poverty, while both democracy and economic freedom alleviate it, with corruption increasing it. These results highlight the need these economies to reinvestment their energy revenues in social programmes.
AB - This paper contributes to the literature in an attempt to shed further light on the mixed evidence about the link between poverty and the abundance of natural resources, i.e. the resource curse hypothesis effect. It makes use of a large country sample, the Headcount Poverty Index, and a number of panel data methodological approaches, spanning the period 1992–2014. The findings document that fossil energy resources exacerbate poverty, while both democracy and economic freedom alleviate it, with corruption increasing it. These results highlight the need these economies to reinvestment their energy revenues in social programmes.
KW - Global sample of countries
KW - Panel data
KW - Poverty
KW - Resource curse
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U2 - 10.1016/j.rie.2018.04.001
DO - 10.1016/j.rie.2018.04.001
M3 - Article
AN - SCOPUS:85045726419
SN - 1090-9443
VL - 72
SP - 211
EP - 223
JO - Research in Economics
JF - Research in Economics
IS - 2
ER -