Converting a resource curse into a resource blessing: The function of institutional quality with different dimensions

Destek, Mehmet Akif; Adedoyin, Festus Fatai; Bekun, Festus Victor; Aydın, Sercan

doi:10.1016/j.resourpol.2022.103234

Cited by 33 publications

(4 citation statements)

References 93 publications

(83 reference statements)

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“…RQ has no meaning in promoting economic growth in Middle East and Northern African-MENA countries [1]. RQ has a relevant role in promoting financial institutions in African countries [2], [3], [4].…”

Section: Literature Reviewmentioning

confidence: 99%

The Regulatory Quality and ESG Model at World Level

Costantiello¹,

Leogrande²

2023

Preprint

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In this article, we analyse the determinants of Regulatory Quality-RQ for 193 countries in the period 2011-2020. We use a database from ESG-Environment Social Governance of the World Bank. We apply OLS, Panel Data with Fixed Effects and Panel Data with Random Effects. We found that the variables that have the most positive impact on RQ, among others, are “GHG Net Emission”, “Mean Drought Index”, and “Heat Index”. We also found that the variables that have the most negative impact on RQ are among others “Renewable Energy Consumption”, “Voice and Accountability” and “Rule of Law”. Furthermore, we have applied the k-Means algorithm optimized with the Elbow Method and we find the presence of five clusters. In adjunct, we confront eight machine learning algorithms to predict the value of RQ and we found that the best predictor is Polynomial Regression. The predictive level of RQ for the analysed countries is expected to diminish of -1,29%. In the end, we present a network analysis with the Euclidean distance and we found the presence of a structure of seven networks using augmented data.

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Section: Literature Reviewmentioning

confidence: 99%

The Regulatory Quality and ESG Model at World Level

Costantiello¹,

Leogrande²

2023

Preprint

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“…In general, we have verified that RQ has positive effects on economic growth, economic development, financial development, energetic transition, and environmental sustainability. RQ has no meaning in promoting economic growth in Middle East and Northern African-MENA countries [1]. RQ has a relevant role in promoting financial institutions in African countries [2], [3], [4].…”

Section: Literature Reviewmentioning

confidence: 99%

“…Synthesis of the Literature Review by Main Themes RQ , Economic Growth and Development [1], [8], [12], [15], [21], [4], [25] RQ, Financial Sector and Financial Markets [2], [3], [16], [17], [22], [9], [23], [27] RQ, Environment and Energy [5], [6] , [10], [11], [24], [26] Miscellaneous [7], [13], [14], [18] RQ, Social and Demographic Issues [19], [20] 3. We find that the level of Regulatory Quality is positively associated to the following variables i.e.…”

Section: Literature Reviewmentioning

confidence: 99%

The Regulatory Quality and ESG Model at World Level

Costantiello¹,

Leogrande²

2023

SSRN Journal

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“…This becomes crucial considering the fact that the primary factor influencing a nation's economic prosperity is the ample availability of natural resources (Destek, Hossain, et al, 2023). Beyond that, empirical evidence has affirmed the assertion that countries that are rich in natural resources stand a better chance of prospering economically than others who are less endowed (Destek, Adedoyin, et al, 2023;Destek et al, 2022). Furthermore, achieving SDG-7 is inevitable for protecting the environment from the pervasive adverse effects of pollution and waste in a way that continually endangers the global ecology (Ahmadov & van der Borg, 2019).…”

Section: Introductionmentioning

confidence: 99%

Is natural resource dependence a blessing or curse for sustainable energy blueprint? An empirical insight towards achieving sustainable environment

Huang,

Lanre Ibrahim,

Al‐Faryan

2024

Natural Resources Forum

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Natural resources have become the centerpiece of global discussion recently in an effort to achieving sustainable development. There are arguments that as much as natural resources are inevitable for development; they are disastrous to factors that promote sustainability of the global environment of which the transition to sustainable energy stands out. That notwithstanding, studies have been largely engrossed in verifying the roles natural resources on economic growth and the environment. Consequently, this research provides the first empirical evidence on the impacts of natural resources on sustainable environment in a global dataset for 73 countries from 1997 to 2019. To extend the frontier of knowledge, the roles of technological advancement, structural change, regulatory quality, and foreign direct investment are considered in the empirical model. The empirical evidence relies on cross‐sectional autoregressive distributed lag, augmented mean group; common correlated effects mean group and method of moment quantile regression. The preliminary analyses show that the world is presently in a renewable energy deficit while recording a gradual shift from relying on natural resources. Feedbacks from the model evaluated expose that natural resource dependence curses sustainable energy through its militating impacts. Besides, technological advancement, structural change, regulatory quality, and foreign direct investment significantly and positively drive sustainable energy. Besides, the quantile regression analysis provides diverging magnitudes. Policies that promote sustainable energy are suggested.

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Converting a resource curse into a resource blessing: The function of institutional quality with different dimensions

Cited by 33 publications

References 93 publications

The Regulatory Quality and ESG Model at World Level

The Regulatory Quality and ESG Model at World Level

The Regulatory Quality and ESG Model at World Level

Is natural resource dependence a blessing or curse for sustainable energy blueprint? An empirical insight towards achieving sustainable environment

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