2021
DOI: 10.1016/j.resourpol.2021.102043
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Commodity prices and economic growth in commodity-dependent countries: New evidence from nonlinear and asymmetric analysis

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Cited by 20 publications
(29 citation statements)
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“…Thus, our findings suggest that natural resource rent volatility is harmful to economic performance of the studied economies. The existing findings of ( Hordofa et al, 2021 ), ( Tahar et al, 2021 ), ( Monye Michael and Omogbiya Shulammite, 2020 ), (B. Lin and Bai, 2021 ) second our findings that natural resources prices and the volatility in these prices affect any region or country’ economic growth.…”
Section: Resultssupporting
confidence: 81%
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“…Thus, our findings suggest that natural resource rent volatility is harmful to economic performance of the studied economies. The existing findings of ( Hordofa et al, 2021 ), ( Tahar et al, 2021 ), ( Monye Michael and Omogbiya Shulammite, 2020 ), (B. Lin and Bai, 2021 ) second our findings that natural resources prices and the volatility in these prices affect any region or country’ economic growth.…”
Section: Resultssupporting
confidence: 81%
“…Some of the studies investigated oil price and economic growth relationships (B. Lin and Bai, 2021 ), ( Tahar et al, 2021 ), ( Monye Michael and Omogbiya Shulammite, 2020 ), (B. Lin and Bai, 2021 ), some studies investigated gas rents or prices and total natural resource price’ relationship with growth ( Guan et al, 2021 ), ( Shahbaz et al, 2019 ), ( Hayat and Tahir, 2021 ), ( Etokakpan et al, 2020 ).…”
Section: Literature Reviewmentioning
confidence: 99%
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“…Thus, the nonlinear relationship was examined to ensure the robustness of this study's inferences, and the result is presented in Table 8. Undoubtedly, the asymmetric models' outcomes are robust to the linear model; affirming that asymmetry exists in the natural resources rents' effect on economic growth as prior suggested by Varangis et al, 2004;Addison et al, 2016;Erdogan et al, 2020;Ampofo et al, 2021;Tahar et al, 2021. Environmental quality is revealed in Table 8 to have a positive long-term effect on economic growth, which corroborates prior submission by Alabed et al (2021). Environmental variables affect economic growth through environmental policies.…”
Section: Discussion Of Panel Estimated Outputssupporting
confidence: 80%
“…Su et al [38] stated that the emergence and collapse of several price bubbles is connected to supposition, macroeconomic instability, a supply-demand imbalance, and economic turmoil. Tahar et al [39] agreed that commodities prices shocks might have differential effects. The most of commodities' economies are highly volatile and difficult to anticipate.…”
Section: Introduction and Critical Review Of Previous Work Donementioning
confidence: 99%