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Natural Resources, Energy Dependency, and their Association with Institutional and Growth-Related Variables in the Black Sea and Southeastern European Region

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Bellos, S. Natural Resources, Energy Dependency, and their Association with Institutional and Growth-Related Variables in the Black Sea and Southeastern European Region. Applied Economics Quarterly, 65(1), 1-43. https://doi.org/10.3790/aeq.65.1.1
Bellos, Sotirios K. "Natural Resources, Energy Dependency, and their Association with Institutional and Growth-Related Variables in the Black Sea and Southeastern European Region" Applied Economics Quarterly 65.1, , 1-43. https://doi.org/10.3790/aeq.65.1.1
Bellos, Sotirios K.: Natural Resources, Energy Dependency, and their Association with Institutional and Growth-Related Variables in the Black Sea and Southeastern European Region, in: Applied Economics Quarterly, vol. 65, iss. 1, 1-43, [online] https://doi.org/10.3790/aeq.65.1.1
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Natural Resources, Energy Dependency, and their Association with Institutional and Growth-Related Variables in the Black Sea and Southeastern European Region

Bellos, Sotirios K.

Applied Economics Quarterly, Vol. 65 (2019), Iss. 1 : pp. 1–43

2 Citations (CrossRef)

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/aeq.65.1.1
Language
English
Pages
43
Keywords

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Author Details

Bellos, Sotirios K., University of Sheffield International Faculty, CITY College, Leontos Sofou Street, 546 26 Thessaloniki, Greece.

Cited By

  1. Military Expenditure, Economic Growth and Development in Transition Economies: A Panel VAR GMM Approach

    Bellos, Sotirios K.

    Applied Economics Quarterly, Vol. 65 (2019), Iss. 3 P.139

    https://doi.org/10.3790/aeq.65.3.139 [Citations: 2]

  2. The relationship between CO2 emissions, economic growth, available energy, and employment in SEE countries

    Mitić, Petar | Fedajev, Aleksandra | Radulescu, Magdalena | Rehman, Abdul

    Environmental Science and Pollution Research, Vol. 30 (2022), Iss. 6 P.16140

    https://doi.org/10.1007/s11356-022-23356-3 [Citations: 65]

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Abstract

Abstract

This paper focuses on the Southeastern European and Black Sea Countries and examines the association between natural resources abundance, energy dependency, and a series of growth-related and institutional variables during a thirty-year period (1985–2015). The empirical results show a positive impact of natural resource abundance on the majority of the examined variables, which does not support the resource curse hypothesis. Common sector characteristics of the examined economies verify the empirical results.

JEL classifications: Q20, Q30, Q32, Q43

Black Sea Area, Dutch disease, Economic Growth, Energy Dependency, Natural Resources, Transition Economies

Table of Contents

Section Title Page Action Price
Sotirios K. Bellos: Natural Resources, Energy Dependency, and their Association with Institutional and Growth-Related Variables in the Black Sea and Southeastern European Region 1
Abstract 1
Introduction 1
1. Literature Review 2
2. The Structure of the Empirical Analysis 5
3. Data and Econometric Methodology 7
3.1 Data 7
3.2 Panel-Data Method 7
3.3 Causality Analysis 7
3.4 Missing Observations 8
4. Empirical Results 8
5. Discussion 1
6. Conclusions 1
References 1
Appendix 1
Participating Countries 1
Table 1: Dependent and Independent Variables 1
Table 2: Descriptive Statistics 2
Table 3: Correlation Matrix 2
Table 4: Panel Data Analysis Results – Growth Related Variables 2
Table 5: Panel Data Analysis Results – Institutional Variables 2
Table 6: Panel Data Analysis Results – Institutional Variables 3
Table 7: Causality Analysis Results 3
Unit Root Tests 3

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