Environmental Modeling & Assessment ( IF 2.4 ) Pub Date : 2020-10-26 , DOI: 10.1007/s10666-020-09737-3 Sofien Tiba
This study makes a substantial contribution to the resources curse argument debates by answering the question of which scenario is bad for the economy “oil abundance” or “oil dependence” by supposing the nonlinearity in this issue. To answer this puzzling question, we use the panel smooth transition regression model (PSTR) for a sample of 33 economies categorized into two sub-panels the oil-abundant economies and the oil-dependent ones for the spanning time from 1990 to 2016. By confirming the nonlinearity in the oil curse argument, our empirical highlights pointed out that the oil curse thesis is very well verified. We revealed that the impact of oil abundance on income factor is more explicit in the oil-abundant economies than in the oil-dependent ones. The estimation of the threshold variable implies that the oil-growth nexus is smoothly switched from one regime to another regime but approximately rapid for the two scenarios. Due to the significant repercussions of the oil on the economic sphere, with the increase of the pace of the climate change symptoms and the depletion of the resources, these economies should seriously take into consideration the resource depletion and the climate emergency issues to preserve the planet’s reserves for future generations towards sustainable and viable future.
中文翻译:
石油充裕和石油依赖的情况:坏与丑?
通过假设该问题的非线性性,本研究通过回答哪种情况对经济不利的问题“石油资源丰富”或“石油依赖”,为资源诅咒辩论提供了实质性贡献。为了回答这个令人困惑的问题,我们使用面板平滑过渡回归模型(PSTR)对33个经济体进行了抽样,这些经济体在1990年至2016年的时间范围内分为两个子面板,即石油丰富的经济体和石油依赖的经济体。确认油诅咒论证的非线性,我们的经验重点指出,油咒论题得到了很好的验证。我们发现,石油丰富的经济体中石油丰富度对收入因素的影响比石油依赖型经济体更为明显。阈值变量的估计意味着,石油增长联系从一种状态平稳地切换到另一种状态,但是在两种情况下几乎是快速的。由于石油在经济领域产生了重大影响,随着气候变化症状的步伐加快和资源枯竭,这些经济体应认真考虑资源枯竭和气候紧急情况问题,以保护地球的安全。为子孙后代争取可持续和可行的未来的储备。