{"title":"Why do natural resource-rich economies resist improving the economic complexity?","authors":"Sakine Owjimehr , Neda Jamshidi","doi":"10.1016/j.rspp.2024.100017","DOIUrl":null,"url":null,"abstract":"<div><p>The evidence suggests that resource-rich countries tend to exhibit a relatively constant level of economic complexity, with limited progress. To investigate the underlying causes of this phenomenon, we employed a Pooled Mean Group (PMG) model using data from the top 20 resource-rich economies spanning the period 2000–2020. Our analysis aimed to identify the factors contributing to this behavior. The findings of our study support the natural resource curse hypothesis, indicating that effective control of corruption can lead to an improvement in long-term economic complexity. Furthermore, the heterogenous short-run dynamics observed in the PMG model indicate that economic and institutional variables have influenced the short-term economic complexity behavior of certain countries, such as Gabon, Iran, Algeria, and Kazakhstan.</p></div>","PeriodicalId":45520,"journal":{"name":"Regional Science Policy and Practice","volume":null,"pages":null},"PeriodicalIF":1.7000,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1757780224000477/pdfft?md5=dcc51b89c5e48133f14ca26dafd8ba7f&pid=1-s2.0-S1757780224000477-main.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Regional Science Policy and Practice","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1757780224000477","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"GEOGRAPHY","Score":null,"Total":0}
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Abstract
The evidence suggests that resource-rich countries tend to exhibit a relatively constant level of economic complexity, with limited progress. To investigate the underlying causes of this phenomenon, we employed a Pooled Mean Group (PMG) model using data from the top 20 resource-rich economies spanning the period 2000–2020. Our analysis aimed to identify the factors contributing to this behavior. The findings of our study support the natural resource curse hypothesis, indicating that effective control of corruption can lead to an improvement in long-term economic complexity. Furthermore, the heterogenous short-run dynamics observed in the PMG model indicate that economic and institutional variables have influenced the short-term economic complexity behavior of certain countries, such as Gabon, Iran, Algeria, and Kazakhstan.
期刊介绍：
Regional Science Policy & Practice (RSPP) is the official policy and practitioner orientated journal of the Regional Science Association International. It is an international journal that publishes high quality papers in applied regional science that explore policy and practice issues in regional and local development. It welcomes papers from a range of academic disciplines and practitioners including planning, public policy, geography, economics and environmental science and related fields. Papers should address the interface between academic debates and policy development and application. RSPP provides an opportunity for academics and policy makers to develop a dialogue to identify and explore many of the challenges facing local and regional economies.
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