Exacerbating effect of energy prices on resource curse: Can research and development be a mitigating factor?

Name: Exacerbating effect of energy prices on resource curse: Can research and development be a mitigating factor?
Author: Gu, J. Q., Umar, M., Soran, Semih, Yue, X. G.

İsim	Exacerbating effect of energy prices on resource curse: Can research and development be a mitigating factor?
Yazar	Gu, J. Q., Umar, M., Soran, Semih, Yue, X. G.
Basım Tarihi:	2020-08
Basım Yeri	- Elsevier
Konu	Financial development, Natural resources, Research and development, Energy prices, G-7 countries
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	0301-4207
Kayıt Numarası	c4db91a2-9511-4619-9c61-501a2de85ff1
Lokasyon	Professional Flight Program
Tarih	2020-08
Notlar	National Social Science Fund of China
Örnek Metin	This study investigates the impact of natural resources in the presence of research and development and energy prices on the improvement of financial development for the Group of Seven (G7) economies for the period of 1990-2017. In doing so, the study employs a cross-sectional dependence test, Westerlund cointegration approach, and Common Correlated Effect Mean Group methods. Moreover, for robustness checks, this study uses cross-sectionally augmented ARDL (CS-ARDL) and augmented mean group (AMG) tests. Unlike previous studies, our study uses a multidimensional approach to financial development, which captures the performance, accessibility, and depth of both financial institutions and markets. The outcomes indicate that natural resource abundance for G-7 countries helps expand financial development. In contrast, rising energy prices adversely affect the expansion of financial development. However, research and development expenditures increase financial development. From the empirical findings, this study suggests the promotion of research and development expenditures, control the increasing energy prices to further benefit from the abundance of natural resources in G-7 economies.
DOI	10.1016/j.resourpol.2020.101689
Cilt	67

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Exacerbating effect of energy prices on resource curse: Can research and development be a mitigating factor?

Yazar Gu, J. Q., Umar, M., Soran, Semih, Yue, X. G.

Basım Tarihi 2020-08

Basım Yeri - Elsevier

Konu Financial development, Natural resources, Research and development, Energy prices, G-7 countries

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 0301-4207

Kayıt Numarası c4db91a2-9511-4619-9c61-501a2de85ff1

Lokasyon Professional Flight Program

Tarih 2020-08

Notlar National Social Science Fund of China

Örnek Metin This study investigates the impact of natural resources in the presence of research and development and energy prices on the improvement of financial development for the Group of Seven (G7) economies for the period of 1990-2017. In doing so, the study employs a cross-sectional dependence test, Westerlund cointegration approach, and Common Correlated Effect Mean Group methods. Moreover, for robustness checks, this study uses cross-sectionally augmented ARDL (CS-ARDL) and augmented mean group (AMG) tests. Unlike previous studies, our study uses a multidimensional approach to financial development, which captures the performance, accessibility, and depth of both financial institutions and markets. The outcomes indicate that natural resource abundance for G-7 countries helps expand financial development. In contrast, rising energy prices adversely affect the expansion of financial development. However, research and development expenditures increase financial development. From the empirical findings, this study suggests the promotion of research and development expenditures, control the increasing energy prices to further benefit from the abundance of natural resources in G-7 economies.

DOI 10.1016/j.resourpol.2020.101689

Cilt 67