Repository logo
 
Publication

Natural Resources, Globalization and Sustainable Economic Welfare: A Panel ARDL Approach

2017Journal article Restricted access
Simple item page
dc.contributor.authorFuinhas, José Alberto
dc.contributor.authorMarques, António Cardoso
dc.contributor.authorFaria, Samuel da Silva
dc.date.accessioned2019-01-21T16:56:24Z
dc.date.available2019-01-21T16:56:24Z
dc.date.issued2017
dc.description.abstractGDP has been the most widely accepted measure of economic performance but it fails to accurately measure economic development, overlooking key aspects of quality of life and sustainability. Thereby, the Index of Sustainable Economic Welfare (ISEW) emerges as the dominant alternative. This paper aims to (i) compare both GDP and ISEW as measures of economic performance and (ii) establish the effects of natural resource exploitation and globalization on both economic growth and sustainable development. A Panel Autoregressive Distributed Lag approach is used, to check for short and long-term effects. The panel is composed by 14 OECD countries, using annual data for the time span from 1995 to 2013. Results show that natural resources rents have a positive effect on GDP per capita in the short-run and a negative effect on ISEW per capita on both short and long-run. Trade openness has a positive impact on short-run economic growth and negative impact on long-term sustainable development. Policy makers ought to consider ISEW as an alternative and more accurate measure of economic performance, should implement policies that reduce the depletion of natural resources and confine the harmful effects of globalization to enhance economic development and create more welfare.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.urihttp://hdl.handle.net/10400.6/6815
dc.language.isoengpt_PT
dc.subjectEconomic Developmentpt_PT
dc.subjectGlobalizationpt_PT
dc.subjectISEWpt_PT
dc.subjectARDLpt_PT
dc.titleNatural Resources, Globalization and Sustainable Economic Welfare: A Panel ARDL Approachpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage672pt_PT
oaire.citation.startPage653pt_PT
oaire.citation.volume35-3pt_PT
person.familyNameFuinhas
person.familyNameMarques
person.familyNameFaria
person.givenNameJosé Alberto
person.givenNameAntónio Cardoso
person.givenNameSamuel
person.identifierR-000-7ZC
person.identifier1880954
person.identifier.ciencia-id7817-FFB9-9DC0
person.identifier.ciencia-idBE19-EAEF-30CF
person.identifier.ciencia-idBC10-4AAE-DFE1
person.identifier.orcid0000-0002-6937-5420
person.identifier.orcid0000-0002-9906-3874
person.identifier.orcid0000-0002-7533-7412
person.identifier.ridP-1603-2017
person.identifier.ridD-2235-2011
person.identifier.scopus-author-id36168979700
person.identifier.scopus-author-id36169680100
person.identifier.scopus-author-id57220572628
rcaap.embargofctCopyright cedido à editora no momento da publicaçãopt_PT
rcaap.rightsclosedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication3261ccf1-fcd4-48ad-bf1d-a8834c5f17ad
relation.isAuthorOfPublication0dfb8b49-b2ad-4a47-8478-a3ac0a8c639f
relation.isAuthorOfPublicationca320096-0e52-4875-b0ce-b7d2ee06a8b5
relation.isAuthorOfPublication.latestForDiscoveryca320096-0e52-4875-b0ce-b7d2ee06a8b5

Files

Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
2017, ESTUDIOS DE ECONOMÍA APLICADA, Fuinhas, Marques, Faria.pdf
Size:
562.21 KB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

ICI - NECE | Documentos por Auto-Depósito
FCSH - DGE | Documentos por Auto-Depósito