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- Title
بررسی اثرات متقابل رشد اقتصادی و شادی در چارچوب فرضیه نفرین منابع و معمای استرلین: رویکرد پانل معادلات همزمان پویا
- Authors
هانیه صداقت کالمرزی; شهرام فتاحی; کیومرث سهیلی
- Abstract
In this article, the interaction effects of growth and happiness in the framework of a dynamic simultaneous equations panel data model have been considered in the OPEC countries during the period of 2005-2016. Also, according to the resource curse hypothesis, the threshold effects of oil rent on both economic growth and happiness have been tested The estimation results have indicated that the first lag of happiness has had an insignificant positive impact on economic growth but the first lag of economic growth has had a significant negative impact on happiness. In other words, it can be argued that the benefits of economic growth in the oil oriented countries under this study are not uniformly distributed across all parts of society. Also, in the framework of the mentioned model, the effect of oil rent on happiness and economic growth has been thresliold In other words, before the thresliold of 26.25% of the ratio of 01 rents to GDP, the 01 rent had a positive effect on economic growth, but after the threshold, it had a negative effect on economic growth, which indicates the phenomenon of resource curse in OPEC countlies. A similar result has been obtained on the effect of oil rent on happiness, so that before the threshold of 26.92% of tie rato of oil rent to GDP, oil rent has had a positive and significant effet on happiness, but after exceeding this threshold, oil rents have had a negative effect on happiness, which could reflect the existence of the Easterlin paradox in the countries.
- Subjects
ORGANIZATION of Petroleum Exporting Countries; RESOURCE curse; SIMULTANEOUS equations; ECONOMIC expansion; PANEL analysis; ECONOMIC impact; RENT
- Publication
Quarterly Journal of Economic Growth & Development Research, 2022, Vol 12, Issue 45, p31
- ISSN
2228-5954
- Publication type
Article
- DOI
10.30473/EGDR.2020.53527.5860