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2023
DOI: 10.3390/jrfm16020091
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India’s Total Natural Resource Rents (NRR) and GDP: An Augmented Autoregressive Distributed Lag (ARDL) Bound Test

Abstract: Utilizing natural resources wisely, reducing pollution, and taking other environmental factors into account are now critical to the prospects for long-term economic growth and, by extension, sustainable development. We investigate the impact of total natural resource rents (NRR) on India’s GDP in this study. The data sample consists of NRR and GDP data from the World Bank’s official website collected between 1993 and 2020. In the study, the Granger causality test and an augmented autoregressive distributed lag… Show more

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Cited by 38 publications
(10 citation statements)
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“…It is crucial to know whether the variables are stationary at level, first difference, or both (Voumik et al 2023 ). Therefore, the current study employs augmented Dickey-Fuller (ADF) and the Phillips-Perron (PP) unit root tests (Taneja et al 2023 ). The mentioned stationarity tests help to ensure that none of the variables is cointegrated at the second difference.…”
Section: Methodsmentioning
confidence: 99%
“…It is crucial to know whether the variables are stationary at level, first difference, or both (Voumik et al 2023 ). Therefore, the current study employs augmented Dickey-Fuller (ADF) and the Phillips-Perron (PP) unit root tests (Taneja et al 2023 ). The mentioned stationarity tests help to ensure that none of the variables is cointegrated at the second difference.…”
Section: Methodsmentioning
confidence: 99%
“…As a way to measure the impact of natural resources on growth, the commonly used proxy for natural resources dependence and natural resources abundance by researchers are Primary exports over GDP (Epo and Faha 2020), Rents from natural resources over GDP (Taneja et al 2023), Share of natural capital in national wealth, Share of mineral exports in total exports (Moussa 2018), Total natural capital and mineral resource assets in US $ per capita (Canuto and Cavallari 2012) and Subsoil wealth (Badeeb et al 2017). Different growth periods have been studied with the most recent one in 2016 by Cockx and Francken spanning 140 countries.…”
Section: What Happened After 2001?mentioning
confidence: 99%
“…Large numbers of people remain poor, and face social injustice (Ojha 2016: 87, Mulinge andLesetedi 1998: 15). The diverse natural resources of both countries are exploited by powerful transnational capitalists (Hansen et al 2015, Taneja et al 2023. Both had long-standing systems of social exclusion.…”
Section: Comparing South Africa and Indiamentioning
confidence: 99%