Natural resources rents-financial development nexus: Evidence from sixteen developing countries

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dc.authorid0000-0003-4367-6652
dc.authorid0000-0003-4168-2792
dc.authorscopusid56844793300
dc.authorscopusid57091681300
dc.authorscopusid56625634400
dc.authorscopusid56127310200
dc.authorwosidYıldırım, Seda/R-8595-2019
dc.authorwosidYILDIRIM, Durmuş Çağrı/V-8841-2019
dc.contributor.authorYıldırım, Seda
dc.contributor.authorGedikli, Ayfer
dc.contributor.authorErdoğan, Seyfettin
dc.contributor.authorYıldırım, Durmuş Çağrı
dc.date.accessioned2022-05-11T14:33:32Z
dc.date.available2022-05-11T14:33:32Z
dc.date.issued2020
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractImproving economic growth performance is largely dependent on financial development. Natural resource revenues are among the main sources that can be used in the development of financial systems. The aim of this study is to analyze the effects of each natural resource revenue on financial development in 16 developing countries (Albania, Argentina, Brazil, Bulgaria, China, Colombia, Georgia, Iran, Kazakhstan, Malaysia, Mexico, Peru, Romania, South Africa, Thailand, and Turkey) which gain different natural resources revenue using the data of 1994-2017 period. Panel cointegration analysis was used to investigate long-term relationships between series. Long-term relationships between the series were determined and then PMG and DFE methods were preferred to obtain long-term and short-term coefficients. Empirical results showed that an increase in oil revenues has a positive effect on financial development in the long term. However, in the short-term natural resources rents do not have an impact on financial development.
dc.identifier.doi10.1016/j.resourpol.2020.101705
dc.identifier.issn0301-4207
dc.identifier.issn1873-7641
dc.identifier.scopus2-s2.0-85084041606
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.resourpol.2020.101705
dc.identifier.urihttps://hdl.handle.net/20.500.11776/7790
dc.identifier.volume68
dc.identifier.wosWOS:000573088300011
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorYıldırım, Durmuş Çağrı
dc.institutionauthorYıldırım, Seda
dc.language.isoen
dc.publisherElsevier Sci Ltd
dc.relation.ispartofResources Policy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectNatural resources rents
dc.subjectFinancial development
dc.subjectPanel cointegration
dc.subjectPanel ARDL
dc.subjectUnit-Root Tests
dc.subjectEconomic-Growth
dc.subjectPanel-Data
dc.titleNatural resources rents-financial development nexus: Evidence from sixteen developing countries
dc.typeArticle

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