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Growth and resource curse in oil-rich OIC countries: the role of institutions and financial development

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Date
2016
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Abstract
There has been considerable research providing evidence of a negative link between natural resource abundance and economic growth leading to the coining of the term 'resource curse' (Yuxiang & Chen, 2009; Anshasy & Katsaiti, 2011). The member states of the Islamic Cooperation Countries (OIC) comprise 57 countries, including those that are resource rich. Given that oil exports revenue has been the main resource contributor, it is expected that continuous increase in fuel prices over the past decade would have positioned the OIC countries at the forefront of economic performance and growth ...
Keywords
Economic development , Financial institutions , Islamic finance , Islamic countries
Citation
Mohd Mydin, N. (2016). Growth and resource curse in oil-rich OIC countries: the role of institutions and financial development (Doctoral dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2419
Publisher
INCEIF
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