Many natural resources rich countries are characterized by natural resource dependency and lack of economic diversification. They experience lower economic growth due to excessive exploitation of natural resources, high resource price volatility, undermining the competitiveness of the non-natural resources sectors, and weak institutional quality. Economic diversification is viewed as a long-term solution to high economic dependency on natural resources. Although this diversification can take place in every sector of the economy, economic dependency on natural resources can be reduced through both private sector development and public sector reforms. This empirical research examines the factors that may affect a country's degree of dependency on natural resources. A dynamic flexible adjustment model is employed om an unbalanced panel data for 110 countries from 1990 to 2017, to estimate the relationship between private sector development, public sector reforms, taxation systems, and dependency on natural. The findings reveal that the degree of dependency on natural resource revenue will reduce with the development of the public sector including privatization and development of national taxation systems. Institutional quality and human development are crucial for reducing this dependency and the speed at which countries transition towards an optimal level of diversification.

许多自然资源丰富的国家的特点是对自然资源的依赖和缺乏经济多元化。由于过度开采自然资源，高资源价格波动，削弱了非自然资源部门的竞争力以及机构质量低下，它们的经济增长较低。经济多样化被认为是对高度依赖自然资源的经济的长期解决方案。尽管这种多样化可以发生在经济的每个部门，但可以通过私营部门发展和公共部门改革来减少对自然资源的经济依赖。这项实证研究考察了可能影响一个国家对自然资源的依赖程度的因素。从1990年至2017年，在1​​10个国家/地区的不平衡面板数据中使用了动态灵活调整模型，以估计私营部门发展，公共部门改革，税收制度和对自然的依赖之间的关系。调查结果表明，随着公共部门的发展，包括私有化和国家税收制度的发展，对自然资源收入的依赖程度将降低。制度质量和人类发展对于减少这种依赖性以及各国向最佳多元化水平过渡的速度至关重要。调查结果表明，随着公共部门的发展，包括私有化和国家税收制度的发展，对自然资源收入的依赖程度将降低。制度质量和人类发展对于减少这种依赖性以及各国向最佳多元化水平过渡的速度至关重要。调查结果表明，随着公共部门的发展，包括私有化和国家税收制度的发展，对自然资源收入的依赖程度将降低。制度质量和人类发展对于减少这种依赖性以及各国向最佳多元化水平过渡的速度至关重要。