This paper attempts to study precisely the natural resource (oil& gas reserves) effect on economic development profile … empirically as to what extent has been influenced by oil wealth. First, we will test if economic growth and development is … positively changing with more level of oil and gas reserves in cross-country dataset. Second, we try to chase the oil revenue …

the “Dutch Disease”, that is, if a boom in the oil and gas industry has led to a process of de-industrialization, directly …

and supply shocks, and while oil production and high international prices negatively affect agricultural output, the … factors. In this context, increased public expenditures in tradable sectors present the opportunity to make oil revenues an …

In “Oil Wealth and Regime Survival in the Developing World, 1960-1999“ Benjamin Smith examines the effects of oil … wealth, as well as of sudden changes in oil prices, on regime failure, political protest and civil war. He finds that oil …

natural resource curse hypothesis in the case of oil exporting countries. The basic idea is that when a threshold of oil …. Relying upon the estimation of a PSTR model, our findings offer strong evidence that oil revenues non-linearly impacts … economic growth and that resource curse only exists under the condition of high oil dependence. More precisely, below the level …

Strong more than doubled crude oil price rise from 2002 to 2007 brought significant profits to oil companies worldwide … to small number of shareholders only we should expect? Paper examines oil companies and their contribution to promote …