Natural resources and economic growth in Asia: The moderating role of governance

IF 1.8 Q3 BUSINESS

Transnational Corporations Review Pub Date : 2025-09-01 DOI:10.1016/j.tncr.2025.200143

Umar Farooq , Mosab I. Tabash , Mamdouh Abdulaziz Saleh Al-Faryan

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Abstract

The current study extends the existing literature by exploring the moderating role of governance in the association between natural resources and economic growth. Using a large range of periods (1996–2019) of 48-Asian economies as a sample, this study employs the system GMM and FMOLS models to investigate proposed relationship. The analysis implies that natural resources have an adverse impact on economic growth. However, the interaction of a better governance system converts this curse impact of natural resources into blessings. The diffusion of a better governance system can enhance the efficiency of natural resources and thus more economic growth. The empirical analysis further discloses the moderating role of governance in the nexus between resource rents-economic growth. Policy officials should exercise better governance to enhance efficiency of natural resources. This study supplements the innovative thoughts regarding role of better governance systems in improving economic growth through channel of resource utilization.

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亚洲自然资源与经济增长：治理的调节作用

本研究在现有文献的基础上，进一步探讨了治理在自然资源与经济增长关系中的调节作用。本研究以48个亚洲经济体的大范围时期（1996-2019）为样本，采用系统GMM和FMOLS模型来研究拟议的关系。分析表明，自然资源对经济增长有不利影响。然而，一个更好的治理体系的相互作用将自然资源的诅咒影响转化为祝福。更好的治理体系的扩散可以提高自然资源的效率，从而促进经济增长。实证分析进一步揭示了治理在资源租金-经济增长关系中的调节作用。政策官员应加强治理，提高自然资源的使用效率。本研究补充了关于完善治理制度通过资源利用渠道促进经济增长的创新思想。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Transnational Corporations Review BUSINESS-

CiteScore

5.20

自引率

5.70%

发文量