Natural Resources, Conflict and Growth Nexus
Vol. 3 No. 8 (2013), Articles
Vol. 3 No. 8 (2013)

Natural Resources, Conflict and Growth Nexus

Shahida Wizarat
Director Research, Chief Editor Pakistan Business Review & HOD Economics, Institute of Business Management (IOBM), Karachi, Pakistan.
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Keywords

GDP, Conflict, Resource abundance, Resource curse, Dutch disease.

How to Cite

Wizarat, S. . (2013). Natural Resources, Conflict and Growth Nexus. Asian Economic and Financial Review, 3(8), 1063–1082. Retrieved from http://archive.aessweb.com/index.php/5002/article/view/1071
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Abstract

Using panel data and GMM estimators we find that conflict and less developed countries (LDCs) natural resources have a positive and significant impact on GDP in the developed countries (DCs), while the lagged value of the conflict coefficient has a negative and significant impact on GDP in the LDCs for the period 1980-2006. In the conflict model using panel data GMM estimates on oil, gas and coal production in the LDCs have a profound impact on world conflict.

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