自然资源租金、公共债务和经济增长之间的联系
发布时间：2023-12-07 19:34
许多研究人员对自然资源丰富度与经济增长之间的关系进行了研究,以检验“资源诅咒”假说的有效性。此外,其他几项研究评估了公共债务与经济发展之间的相关性,以证实其他“债务悬而未决”的假设。由于自然资源收入和政府借款在增长模型中发挥着重要作用,多年来,这些话题一直受到研究人员的高度关注,但研究结果尚无定论。尽管大多数宏观经济变量都具有非线性特征,但在现有的对自然资源丰度-经济增长和公共债务-经济增长关系建模的研究中,最重要的部分是基于对称关系的线性框架中进行的。这种线性假设可能是在自然资源财富,政府债务和经济增长关系方面得出混合结果的原因。线性模型可能是不适合检查自然资源丰富度,公共债务与经济增长之间关系的方法,因为它可能会为这种关系提供误导性建议。此外,部分研究者认为,过度借贷是矿物资源丰富的国家,特别是撒哈拉以南非洲发展中国家的政府的重要特征。这种现象通常被称为自然资源意外收获和“以繁荣为基础的借贷”。一些研究指出,在这段时期内,撒哈拉以南地区的大多数国家都出现了增长率下降和外债水平上升的现象,伴随发现天然矿产资源并获得可观的收入。一个常识是,自然资源是获取贷款的保证,这些贷款主要来自国际...
【文章页数】：222 页
【学位级别】：博士
【文章目录】：
Dedication
CURRICULUM VITAE
ABSTRACT
摘要
CHAPTER 1:Introduction
1.1 Background of Study and Problem statement
1.2 Research Gaps
1.3 Research Objectives
1.4 Research Questions
1.5 Research Contributions
1.6 Research Framework
1.7 Organization of the Research
CHAPTER2:Theoretical Literature Review
2.1 Introduction
2.2 Resource curse theory
2.3 Transmission channels of the Resource curse
2.3.1 Dutch Disease explanations
2.3.2 Institutional Quality and Governance model
2.3.3 Rent-seeking models
2.3.4 Political and civil instability models
2.4 Other determinants of economic growth
2.4.1 Trade Openness
2.4.2 Inefficient Spending and Borrowing by governments
2.4.3 Inflation
2.4.4 Population Growth
CHAPTER3:Empirical Literature Review
3.1 Introduction
3.2 Empirical studies on natural resource and growth
3.3 Natural resource and public debt
3.3.1 Public debt and Economic growth
CHAPTER 4:Total natural resource rents,trade openness,and economic growth in the top mineral-rich countries:Evidence from the nonlinear asymmetric analysis
4.1 Introduction
4.2 Data and Methodology
4.2.1 Data
4.3 Theoretical framework and Methodology
4.3.1 The Nonlinear ARDL bounds testing approach for cointegration
4.3.2 Nonparametric Causality tests
4.4 Results and interpretations
4.4.1 Descriptive statistics and unit root tests
4.4.2 Cointegration Analysis
4.4.3 The Traditional Granger causality test
4.4.4 The BDS test
4.4.5 Asymmetric causality results
4.4.6 Results of NARDL Estimations
4.4.7 Diagnostic tests
4.4.8 Asymmetric tests
4.4.9 Stability tests
4.5 Conclusions
CHAPTER5:Effect of total natural resource rents on public debt:A panel analysis of resource-rich countries
5.1 Introduction
5.2 Data
5.3 Methodology
5.3.1 Pooled Mean Group(PMG)estimations models
5.3.2 Vector error correction model
5.3.3 Panel Granger Causality
5.4 Results and Discussions
5.4.1 Unit Root Test Result
5.4.2 Panel Cointegration Results
5.5 Panel Causality Test Result
5.6 Conclusion
CHAPTER6:Further investigation of the resource curse hypothesis:The role of public debt in resource-abundant Sub-Saharan African countries
6.1 Introduction
6.2 Data Sources
6.3 Econometric Methodology
6.4 DATA ANALYSIS AND FINDINGS
6.4.1 Descriptive statistics
6.4.2 Unit root test
6.4.3 Johansen Cointegration Analysis
6.4.4 Linear Granger Causality Test
6.4.5 The BDS test
6.4.6 Nonlinear ARDL bounds test
6.4.7 Robustness check of the model(post estimation)
6.4.8 Asymmetric tests
6.4.9 Stability tests
6.4.10 Pooled mean group(PMG)test
6.4.11 Asymmetric causality results
6.5 CONCLUSION
CHAPTER7:The effect of public debt on economic growth in abundant resource countries
7.1 Introduction
7.2 Data
7.3 Methodology
7.3.1 Nonlinear Autoregressive Distributed Lag(NARDL)
7.4 Empirical Results and Discussions
7.4.1 Granger Causality Test
7.4.2 BDS test
7.4.3 Diagnostic test results
7.4.4 Nonlinear cointegration results
7.4.5 Long-run asymmetric effects results
7.4.6 Wald test results for asymmetric restrictions
7.4.7 Asymmetric Causality results
7.5 Summary and Conclusion
CHAPTER8:General Conclusion and Policy Recommendations
Acknowledgement
References
本文编号：3870943
【文章页数】：222 页
【学位级别】：博士
【文章目录】：
Dedication
CURRICULUM VITAE
ABSTRACT
摘要
CHAPTER 1:Introduction
1.1 Background of Study and Problem statement
1.2 Research Gaps
1.3 Research Objectives
1.4 Research Questions
1.5 Research Contributions
1.6 Research Framework
1.7 Organization of the Research
CHAPTER2:Theoretical Literature Review
2.1 Introduction
2.2 Resource curse theory
2.3 Transmission channels of the Resource curse
2.3.1 Dutch Disease explanations
2.3.2 Institutional Quality and Governance model
2.3.3 Rent-seeking models
2.3.4 Political and civil instability models
2.4 Other determinants of economic growth
2.4.1 Trade Openness
2.4.2 Inefficient Spending and Borrowing by governments
2.4.3 Inflation
2.4.4 Population Growth
CHAPTER3:Empirical Literature Review
3.1 Introduction
3.2 Empirical studies on natural resource and growth
3.3 Natural resource and public debt
3.3.1 Public debt and Economic growth
CHAPTER 4:Total natural resource rents,trade openness,and economic growth in the top mineral-rich countries:Evidence from the nonlinear asymmetric analysis
4.1 Introduction
4.2 Data and Methodology
4.2.1 Data
4.3 Theoretical framework and Methodology
4.3.1 The Nonlinear ARDL bounds testing approach for cointegration
4.3.2 Nonparametric Causality tests
4.4 Results and interpretations
4.4.1 Descriptive statistics and unit root tests
4.4.2 Cointegration Analysis
4.4.3 The Traditional Granger causality test
4.4.4 The BDS test
4.4.5 Asymmetric causality results
4.4.6 Results of NARDL Estimations
4.4.7 Diagnostic tests
4.4.8 Asymmetric tests
4.4.9 Stability tests
4.5 Conclusions
CHAPTER5:Effect of total natural resource rents on public debt:A panel analysis of resource-rich countries
5.1 Introduction
5.2 Data
5.3 Methodology
5.3.1 Pooled Mean Group(PMG)estimations models
5.3.2 Vector error correction model
5.3.3 Panel Granger Causality
5.4 Results and Discussions
5.4.1 Unit Root Test Result
5.4.2 Panel Cointegration Results
5.5 Panel Causality Test Result
5.6 Conclusion
CHAPTER6:Further investigation of the resource curse hypothesis:The role of public debt in resource-abundant Sub-Saharan African countries
6.1 Introduction
6.2 Data Sources
6.3 Econometric Methodology
6.4 DATA ANALYSIS AND FINDINGS
6.4.1 Descriptive statistics
6.4.2 Unit root test
6.4.3 Johansen Cointegration Analysis
6.4.4 Linear Granger Causality Test
6.4.5 The BDS test
6.4.6 Nonlinear ARDL bounds test
6.4.7 Robustness check of the model(post estimation)
6.4.8 Asymmetric tests
6.4.9 Stability tests
6.4.10 Pooled mean group(PMG)test
6.4.11 Asymmetric causality results
6.5 CONCLUSION
CHAPTER7:The effect of public debt on economic growth in abundant resource countries
7.1 Introduction
7.2 Data
7.3 Methodology
7.3.1 Nonlinear Autoregressive Distributed Lag(NARDL)
7.4 Empirical Results and Discussions
7.4.1 Granger Causality Test
7.4.2 BDS test
7.4.3 Diagnostic test results
7.4.4 Nonlinear cointegration results
7.4.5 Long-run asymmetric effects results
7.4.6 Wald test results for asymmetric restrictions
7.4.7 Asymmetric Causality results
7.5 Summary and Conclusion
CHAPTER8:General Conclusion and Policy Recommendations
Acknowledgement
References
本文编号：3870943
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