Poverty and the resource curse: Evidence from a global panel of countries

Nicholas Apergis, Marina Selini Katsaiti

    Research output: Contribution to journalArticlepeer-review

    23 Citations (Scopus)

    Abstract

    This paper contributes to the literature in an attempt to shed further light on the mixed evidence about the link between poverty and the abundance of natural resources, i.e. the resource curse hypothesis effect. It makes use of a large country sample, the Headcount Poverty Index, and a number of panel data methodological approaches, spanning the period 1992–2014. The findings document that fossil energy resources exacerbate poverty, while both democracy and economic freedom alleviate it, with corruption increasing it. These results highlight the need these economies to reinvestment their energy revenues in social programmes.

    Original languageEnglish
    Pages (from-to)211-223
    Number of pages13
    JournalResearch in Economics
    Volume72
    Issue number2
    DOIs
    Publication statusPublished - Jun 2018

    Keywords

    • Global sample of countries
    • Panel data
    • Poverty
    • Resource curse

    ASJC Scopus subject areas

    • Economics and Econometrics

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