Addressing resource curse: How mineral resources influence industrial structure dynamics of the BRI 57 oil-exporting countries

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES

Resources Policy Pub Date : 2024-11-23 DOI:10.1016/j.resourpol.2024.105420

Tufail Muhammad , Guohua Ni , Zhenling Chen , Sabrine Mallek , Marek Dudek , Grzegorz Mentel

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Abstract

This study explores the impact of oil resource abundance on industrial structure in 57 oil-exporting countries within the Belt and Road Initiative (BRI) from 1990 to 2020. Using the System Generalized Method of Moments (SYS-GMM) models, the research highlights a negative correlation between oil exports and industrial structure dimensions. Countries such as Algeria, Angola, Azerbaijan, Chad, Congo, Iraq, and Libya are particularly affected by the resource curse, facing slower industrial development, while China, Lithuania, Malaysia, and New Zealand demonstrate resilience and positive industrial outcomes. The study also shows that oil abundance influences foreign direct investment (FDI), though this influx does not consistently translate into industrial growth. Policymakers are advised to implement strategies that balance oil revenue management, promote industrial diversification, and align education spending with industry needs. Trade openness is also emphasized as key to fostering industrial progress. These findings offer critical guidance for addressing the resource curse and achieving long-term sustainable industrial growth.

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应对资源诅咒：矿产资源如何影响 "金砖倡议 "的产业结构动态 57 个石油出口国

本研究探讨了 1990 年至 2020 年 "一带一路 "倡议（BRI）范围内 57 个石油出口国的石油资源丰度对产业结构的影响。通过使用系统广义矩法（SYS-GMM）模型，研究强调了石油出口与产业结构维度之间的负相关关系。阿尔及利亚、安哥拉、阿塞拜疆、乍得、刚果、伊拉克和利比亚等国尤其受到资源诅咒的影响，面临工业发展缓慢的问题，而中国、立陶宛、马来西亚和新西兰则表现出韧性和积极的工业成果。研究还表明，丰富的石油资源会影响外国直接投资（FDI），尽管这种投资的流入并不会持续转化为工业增长。建议政策制定者实施平衡石油收入管理的战略，促进工业多样化，并使教育支出与工业需求相一致。贸易开放也被强调为促进工业进步的关键。这些发现为解决资源诅咒和实现长期可持续工业增长提供了重要指导。

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来源期刊

Resources Policy ENVIRONMENTAL STUDIES-

CiteScore

13.40

自引率

23.50%

发文量

602

审稿时长

69 days

期刊介绍： Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.