Winner or loser? The asymmetric role of natural resource rents on financial development among resource-rich countries

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dc.authoridYILDIRIM, Durmuş Çağrı/0000-0003-4168-2792
dc.authoridBostancı, Seda H./0000-0002-3559-2224
dc.authoridYıldırım, Seda/0000-0003-4367-6652
dc.authorscopusid56844793300
dc.authorscopusid56127310200
dc.authorscopusid36543735900
dc.authorscopusid57450745200
dc.authorwosidYILDIRIM, Durmuş Çağrı/V-8841-2019
dc.authorwosidBostancı, Seda H./V-7377-2019
dc.authorwosidYıldırım, Seda/R-8595-2019
dc.contributor.authorYıldırım, Seda
dc.contributor.authorYıldırım, Durmuş Çağrı
dc.contributor.authorBostancı, Seda Hilmiye
dc.contributor.authorTari, Elif Nur
dc.date.accessioned2023-04-20T08:04:11Z
dc.date.available2023-04-20T08:04:11Z
dc.date.issued2022
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractThe resource curse theory has become a paradox that has been discussed for many years in the literature. Because most studies have revealed empirical evidence that resource rents negatively affect financial development although resource wealth provides many advantages. Therefore, studies on whether studies conducted with different methods in different periods can produce results contrary to this theory are continuing. This study aims to test the asymmetric effect of natural resource rents on financial development among resource-rich countries. The study investigated the data of 10 countries those have the highest natural resource rents in the World that selected from World Atlas (2018) for the period 1993-2017. As a result of empirical analysis, this study proved that there was a financial resource curse hypothesis among resource-rich countries. While positive shocks are effecting financial development negatively, negative shocks are found as effecting financial development positively. This study also showed that resource-rich countries are lucky but not a winner in the context of financial development and sustainable development.
dc.identifier.doi10.1002/sd.2359
dc.identifier.issn0968-0802
dc.identifier.issn1099-1719
dc.identifier.scopus2-s2.0-85133447535
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1002/sd.2359
dc.identifier.urihttps://hdl.handle.net/20.500.11776/10996
dc.identifier.wosWOS:000820832400001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorYıldırım, Seda
dc.institutionauthorYıldırım, Durmuş Çağrı
dc.institutionauthorBostancı, Seda H.
dc.institutionauthorTari, Elif Nur
dc.language.isoen
dc.publisherWiley
dc.relation.ispartofSustainable Development
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectFinancial Development
dc.subjectGlobalization
dc.subjectNatural Resources
dc.subjectResource Curse
dc.subjectSustainable Development
dc.subjectPanel Stationarity Test
dc.subjectFlexible Fourier Form
dc.subjectUnit-Root Test
dc.subjectSmooth Breaks
dc.subjectGlobalization
dc.subjectCointegration
dc.subjectSector
dc.subjectStates
dc.subjectTests
dc.subjectCurse
dc.titleWinner or loser? The asymmetric role of natural resource rents on financial development among resource-rich countries
dc.typeArticle

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