Disaggregated analysis of the curse of natural resources in most natural resource-abundant countries

Yılancı, Veli; Aslan, Murat; Ozgur, Onder

doi:10.1016/j.resourpol.2021.102017

Cited by 32 publications

(8 citation statements)

References 55 publications

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“…Natural Resources, Economic Growth, and Poverty Since the 1960s, natural resources have been regarded as essential for economic growth because they can foster global economic growth in numerous nations (Yilanci et al, 2021). Natural resources continue to be viewed as a major contributor to a nation's economic growth.…”

Section: Resultsmentioning

confidence: 99%

“…The Curse of Natural Resources and Poverty in Indonesia Numerous academics have criticised the term "resource curse" because it is not scientific. The "resource curse" describes the paradoxical circumstance in which a country's economy underperforms despite possessing valuable natural resources (Yilanci et al, 2021). Typically, an excessive concentration of a nation's capital and labour force in a small number of resource-dependent industries leads to the resource curse.…”

Section: Resultsmentioning

confidence: 99%

“…The natural resource curse, by definition, depicts a situation in which a country or region has abundant natural resources, particularly in the mining industry, but is not followed by developments in other sectors, such as the social welfare of its people (Humphreys, Sachs, & Stiglitz, 2007b;Yilanci, Aslan, & Ozgur, 2021). This is a paradoxical phenomenon because countries with abundant natural resources have lower social welfare and economic growth rates than other nations (Henri, 2019).…”

Section: Introductionmentioning

confidence: 99%

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Poverty and the Curse of Natural Resources in Indonesia

Hajad

Ikhsan

Herizal

et al. 2023

jcgpp

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This study aims to determine how a country's abundant natural resource wealth can be utilised to bolster its economy and alleviate poverty. This study focuses on the use of natural resources to expedite development. This investigation makes use of a library-based qualitative research strategy. Data was gathered by conducting a Scopus search for natural resources-related journal articles using titles, keywords, and abstracts as metadata search references, and then analysing the results with the VOSviewer tool. We used VOSviewer to determine how many articles had been published on natural resources and discovered that a country's natural resources exceed its economic development. The purpose of utilising VOSviewer is to use it as a resource to conduct precise content analysis based on the researcher's name, publication year, researcher productivity, and natural resource research trends. This analysis was conducted for the purpose of examining the author's collaboration in the natural resources and poverty fields. The results indicate that natural resource-rich regions do not guarantee increased economic growth or reductions in poverty. Poverty in Indonesia is a complex issue, despite the fact that a number of developing nations have been successful in implementing improvements in national production and income and in reflecting the level of well-being among the country's population. The conclusion demonstrates that the resource curse in Indonesia is a result of poor resource management, which causes poverty. The influence of the resource curse on government social spending emphasises the significance of government accountability and transparency in relation to natural resource wealth.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Poverty and the Curse of Natural Resources in Indonesia

Hajad

Ikhsan

Herizal

et al. 2023

jcgpp

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“…Clusters have become common in developing countries and various business sectors (Castillo et al, 2019). Traditional and natural resource-based industries are the most abundant in Asian countries (Yilanci et al, 2021). Historically, these clusters engaged in activities traditionally intended for local use.…”

Section: Cluster Industry Development In Indonesiamentioning

confidence: 99%

The Development of the Cracker MSME Cluster in Garut Regency, Indonesia

Alamanda¹,

Ramdhani²,

Kusmiati³

et al. 2022

jeb

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Garut Regency is developing the UMKM cluster to support the Indonesian government's program to improve the UMKM industry. This study describes developing a cracker MSME cluster framework in Garut Regency. The qualitative method was carried out through an interview with the head of the cracker center community in Garut Regency. The data were then analyzed using a reduction technique which was then tested for validity through triangulation. The results showed that the infrastructure, the location of the cracker center, the lack of consumer convenience, the low capital financing, and the competitiveness of product marketing had a moderate level of competence, which indicated that the existing entrepreneurial competencies were quite good for their business. This research implies that it can be considered in developing the cracker UMKM cluster, making it the first cluster in Garut Regency.

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“…Several arguments motivate us to conduct this research. First, previous empirical studies on natural resources have focused mainly on the aggregate effect on economic indicators such as gross domestic product [9][10][11]), other tradeable industries [12], development of the financial sector [13][14][15], and development of human capital [16]. Furthermore, these studies' findings concluded that there was a mixed impact of natural resources on aggregate economic indicators.…”

Section: Introductionmentioning

confidence: 99%

Crowding-Out Effect of Natural Resources on Domestic Investment: The Importance of Information Communication and Technology (ICT) and Control of Corruption in the Middle East and Central Asia

et al. 2022

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Countries of the Middle East and Central Asia depend heavily on natural resources for their exports, income, and employment. This study is a preliminary investigation that explores the effect of natural resources on domestic investment in a sample of 12 highly resource-dependent countries in the Middle East and Central Asia from 2000 to 2019. The recently advanced cross-sectional dependent auto-regressive distributed lag (CS-ARDL) model and panel quantile regression are employed. The results validate the accelerator theory that an increase of the non-oil GDP growth rate has a robust positive impact on domestic investment, while natural resources crowd-out domestic investment. The long-run estimate of ICT reveals a significant positive impact, while corruption shows a significant negative effect. These findings urge sample resource-dependent countries to focus on developing ICT-based enterprises and control prevailing corruption levels. Moreover, adopting liberal trade policies can also enhance domestic investment opportunities.

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Disaggregated analysis of the curse of natural resources in most natural resource-abundant countries

Cited by 32 publications

References 55 publications

Poverty and the Curse of Natural Resources in Indonesia

Poverty and the Curse of Natural Resources in Indonesia

The Development of the Cracker MSME Cluster in Garut Regency, Indonesia

Crowding-Out Effect of Natural Resources on Domestic Investment: The Importance of Information Communication and Technology (ICT) and Control of Corruption in the Middle East and Central Asia

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