Erciyes University, Kayseri, Turkey.
Nisantasi University, Istanbul, Turkey.
Environ Sci Pollut Res Int. 2021 Jul;28(26):33794-33805. doi: 10.1007/s11356-021-12979-7. Epub 2021 Mar 4.
The aim of this paper is to investigate the nexus between natural resources, gross capital formation, globalization, and economic growth in the developing countries from European, Asian, African, and American continents. It adopted the panel vector autoregression (PVAR) approach to test this relationship for the period from 1980 to 2018. Results suggest that natural resources and globalization have a positive impact on economic growth in European, Asian, and American countries, while capital formation negatively affects growth. In African countries, the effect of globalization and gross capital formation is positive, but natural resources have a negative impact on GDP. Evidence from all continents illustrate that there is bidirectional causality between globalization and economic growth. Also, there is bidirectional causality detected between capital formation and growth in Europe and Asia and between natural resources and growth in Asia and America, while there is unidirectional causality from GDP to natural resources in Europe, from capital formation to GDP in Africa and America, from GDP to natural resources in Europe, and from natural resources to GDP in America. Based on these results, it can be said that new growth models can no longer be independent of natural resource rents and globalization.
本文旨在探讨欧洲、亚洲、非洲和美洲发展中国家自然资源、总资本形成、全球化与经济增长之间的关系。本文采用面板向量自回归（PVAR）方法，检验了 1980 年至 2018 年期间的这种关系。结果表明，自然资源和全球化对欧洲、亚洲和美洲国家的经济增长有正向影响，而资本形成则对增长有负向影响。在非洲国家，全球化和总资本形成的影响是正向的，但自然资源对 GDP 有负面影响。来自各大洲的证据表明，全球化和经济增长之间存在双向因果关系。此外，在欧洲和亚洲，资本形成和增长之间以及在亚洲和美洲，自然资源和增长之间存在双向因果关系，而在欧洲，GDP 与自然资源之间、在非洲和美洲，资本形成与 GDP 之间、在欧洲，GDP 与自然资源之间以及在美洲，自然资源与 GDP 之间存在单向因果关系。基于这些结果，可以说，新的增长模式再也不能独立于自然资源租金和全球化了。
