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Dilemma of Natural Resource Abundance: A Case Study of Kuwait

机译:自然资源丰富的困境 - 以科威特为例

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There 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.
机译:关于国家自然资源丰富与经济增长之间的关系存在热闹的争论。一些视图自然资源丰富作为诅咒,而其他人认为这是一种祝福。本研究探讨了在1984年至2014年的数据,利用数据,利用1984年至2014年的资源丰富的资源丰富的经济,社会和政治影响。本研究分析了资源租金对人均国内生产总值的短期和长期影响(GDP),生产力,人力资本和制度质量。该研究通过自回归分布式滞后建模和纠错建模揭示,资源租金仅在短期内仅增加了人均GDP;然而,资源租金在短期和长期延长的生产率下恶化,人力资本和机构质量恶化。这些结果表明,对于科威特来说,对其自然资源的过度方面对长期来说是有害的。该研究表明,需要提高机构的质量,并提高人力资本水平,以随着时间的推移获得经济可持续性和发展。

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