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Natural resource curse in oil exporting countries: A nonlinear approach

机译：石油输出国的自然资源诅咒：一种非线性方法

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This paper aims at extending the concept of conditional natural resource curse and examining the quantity as well as the quality of public spending as the main drivers of the oil curse in oil exporting countries. Using nonlinear threshold models, there is evidence in favor of non-linear relationship between oil incomes and economic performances. We show that highly oil dependent countries are more likely to experience inefficiencies in government decision and, by extension, oil revenues misallocation leading to underdevelopment. Relying on human capital as the mirror of the quantity as well as the quality of government spending in education, we find a similar pattern. The alteration in government efficiency is the main mechanism through which oil incomes lead to poor economic performances. Indeed, the direct contribution of oil incomes to total output is rather positive, even if the magnitude of this effect is likely to decrease with the relative level of oil dependence. The estimates indicate that the non-linear model is the better for explaining economic growth divergences across oil exporting countries as well as for reconciling the conflicting results from the empirical literature of the oil curse.
机译：本文旨在扩展有条件自然资源诅咒的概念，并研究作为石油出口国石油诅咒主要驱动力的公共支出的数量和质量。使用非线性阈值模型，有证据表明石油收入与经济表现之间存在非线性关系。我们表明，高度依赖石油的国家更有可能遇到政府决策效率低下的问题，进而导致石油收入分配不当，从而导致发展不足。依靠人力资本作为政府支出的数量和质量的镜像，我们发现了类似的模式。政府效率的变化是石油收入导致不良经济表现的主要机制。确实，石油收入对总产出的直接贡献是相当积极的，即使这种影响的程度可能随着石油依赖程度的降低而降低。估计表明，非线性模型更适合于解释石油输出国之间的经济增长差异，以及调和石油诅咒经验文献中相互矛盾的结果。

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