| Revista: | Journal of applied economics |
| Base de datos: | CLASE |
| Número de sistema: | 000399384 |
| ISSN: | 1667-6726 |
| Autors: | Juncal, Cunado1 |
| Institucions: | 1Universidad de Navarra, Facultad de Ciencias Económicas y Empresariales, Pamplona, Navarra. España |
| Any: | 2011 |
| Període: | May |
| Volum: | 14 |
| Número: | 1 |
| Paginació: | 101-117 |
| País: | Argentina |
| Idioma: | Inglés |
| Tipo de documento: | Artículo |
| Enfoque: | Aplicado |
| Resumen en inglés | This article examines the real convergence hypothesis in OPEC countries (Algeria, Angola, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela) using time series techniques and allowing for structural breaks. The main results show lack of support for income convergence in OPEC countries. We only find evidence of catch-up with the U.S. economy for the case of Indonesia, and for Angola in the last years of the sample. These findings are in line with the “resource curse” literature, which suggests that natural resource dependence inhibits economic growth. Furthermore, the results suggest that the country’s oil export dependence is negatively related with its per capita GDP growth rate |
| Disciplines | Economía, Ingeniería |
| Paraules clau: | Economía de energéticos, Econometría, Comercio internacional, Condiciones económicas, Ingeniería petrolera, Cambios estructurales, Convergencia económica, Organización de Países Exportadores de Petróleo (OPEP) |
| Text complet: | Texto completo (Ver PDF) |
