Dilemma of natural resource abundance: a case study of Kuwait

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dc.contributor.authorAljarallah, Ruba A.
dc.contributor.authorAngus, Andrew
dc.date.accessioned2020-03-17T14:36:07Z
dc.date.available2020-03-17T14:36:07Z
dc.date.issued2020-01-26
dc.description.abstractThere is a lively debate about the relationship between a nation’s natural resource abundance and economic growth. Some view natural resource abundance as a curse, whereas others view it as a blessing. This study examines the economic, social, and political effects of resource abundance in an oil-rich country, Kuwait, using data from 1984 to 2014. This study analyzes the short- and long-run impacts of resource rents on per capita gross domestic product (GDP), productivity, human capital, and institutional quality. The study reveals through autoregressive distributed lag modeling and error correction modeling that resource rents increase per capita GDP merely in the short-run; however, resource rents deteriorate productivity, human capital, and institutional quality in both the short and the long-run. These results indicate that, for Kuwait, the overreliance on its natural resources has been detrimental over the long-run. The study suggests that there is a need to improve the quality of institutions and enhance the level of human capital to get economic sustainability and development over time.en_UK
dc.identifier.citationAljarallah RA, Angus A. (2020) Dilemma of natural resource abundance: a case study of Kuwait. Sage Open, Volume 10, Issue 1, January 2020, pp. 1-24en_UK
dc.identifier.issn2158-2440
dc.identifier.urihttps://doi.org/10.1177/2158244019899701
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/15298
dc.language.isoenen_UK
dc.publisherSAGEen_UK
dc.rightsAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.subjectagricultural and natural resource economicsen_UK
dc.subjecteconomic scienceen_UK
dc.subjectsocial sciencesen_UK
dc.subjecthuman resource developmenten_UK
dc.subjecthuman resources managementen_UK
dc.subjectmanagementen_UK
dc.subjectpolitical institutionsen_UK
dc.subjectpolitical scienceen_UK
dc.subjecteconomic developmenten_UK
dc.subjectpolitical economyen_UK
dc.titleDilemma of natural resource abundance: a case study of Kuwaiten_UK
dc.typeArticleen_UK

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