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Abstract(s)
Após vários estudos empíricos ainda não é possível chegar a um consenso quanto à riqueza de certos países em recursos naturais nem como estes afetam o seu crescimento económico. Este estudo analisa a causalidade dos recursos naturais, neste caso não-renováveis (petróleo, gás natural e carvão), no crescimento económico da Austrália, do México e do Reino Unido com séries temporais com dados anuais entre 1971 e 2013. É estimado o modelo ARDL tendo em conta o número de observações e a existência de outliers e quebras estruturais nas time-series. Foi verificado uma relação a longo prazo entre os recursos naturais e o crescimento económico, com a Austrália e o Reino Unido a não conseguirem tirar proveito dos seus recursos pois o México foi o único a apresentar efeitos positivos no seu crescimento económico.
After several empirical studies, it is still impossible to achieve a consensus on the wealth of certain countries in natural resources and how these possibly may or not affect their economic growth. This study analyzes the causality of natural resources, in this specific case, non-renewable (oil, natural gas and coal), in the economic growth of Australia, Mexico and the United Kingdom with annual time series between 1971 and 2013. The ARDL model is estimated taking into account the number of observations and the existence of outliers and structural breaks. It is verified a long run relationship between the natural resources and economic growth, with Australia and United Kingdom not taking advantages of their natural resources being México, the only country with positive effects on the economic growth.
After several empirical studies, it is still impossible to achieve a consensus on the wealth of certain countries in natural resources and how these possibly may or not affect their economic growth. This study analyzes the causality of natural resources, in this specific case, non-renewable (oil, natural gas and coal), in the economic growth of Australia, Mexico and the United Kingdom with annual time series between 1971 and 2013. The ARDL model is estimated taking into account the number of observations and the existence of outliers and structural breaks. It is verified a long run relationship between the natural resources and economic growth, with Australia and United Kingdom not taking advantages of their natural resources being México, the only country with positive effects on the economic growth.
Description
Keywords
Abordagem Ardl Bounds Crescimento Económico Recursos Naturais