The oil curse, institutional quality, and growth in MENA countries: Evidence from time-varying cointegration

Authors
Apergis, Nicholas
Payne, James
Affiliation
University of Piraeus
Georgia College & State University
Issue Date
2014-09-16

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Abstract
This study re-examines the impact of oil abundance on economic growth in a number of MENA (Middle East and North African) countries for the period 1990–2013. Given the number of economic and institutional reforms undertaken by these countries in recent years, we incorporate measures of institutional quality to evaluate if oil abundance impacts economic growth differently. The results from time-varying cointegration reveal that better institutional quality reduces the unfavorable effect of oil reserves on the performance of the real economy.
Citation
Apergis, N. and Payne, J.E., (2014). 'The oil curse, institutional quality, and growth in MENA countries: Evidence from time-varying cointegration'. Energy Economics, 46, pp.1-9. DOI: 10.1016/j.eneco.2014.08.026.
Publisher
Elsevier
Journal
Energy Economics
URI
http://hdl.handle.net/10545/623405
Additional Links
https://www.sciencedirect.com/science/article/pii/S0140988314002084
Type
Article
Language
en
ISSN
0140-9883
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