Explore the vast range of titles available.

This study applies the augmented mean group (AMG) estimation technique to investigate whether institutional quality and FDI contribute to economic growth and environmental quality in emerging Asian oil-producing and non-oil-producing countries during the period 1975–2020. The estimation of AMG strategy indicates that for every 1% increase in FDI, institutional quality and carbon emissions can significantly boost economic growth by 0.882%, 0.659%, and 0.605%, respectively. Likewise, trade liberalization, transport infrastructure and urbanization can significantly boost economic growth. Long-term variable elasticity coefficients based on carbon emissions model suggest that FDI can stimulate carbon emissions, thereby validating the Pollution Heaven Hypothesis (PHH) in selected panel of countries. Institutional quality has a significant negative impact on carbon emissions, while GDP, trade openness, urbanization, and investment in transport infrastructure contribute significantly to carbon dioxide emissions. Country wise estimates of the AMG strategy show that the institutional quality of oil-producing countries has no significant impact on economic growth, but does boost economic growth in non-oil producing countries. The quality of institutions in both non-oil and oil-producing countries can significantly reduce carbon emissions. FDI stimulates economic growth in oil-producing countries compared to non-oil-producing countries. However, FDI contributes significantly to both oil and non-oil-producing CO2 emissions, thus validating PHH. Controlling factors such as economic growth increase significantly to CO2 emissions in oil-producing countries, while, CO2 emissions from petro-states stimulate more to economic growth than non-petroleum states. The impact of trade liberalization on economic growth is significantly positive in both oil and non-oil-producing countries, but the contribution of non-oil-producing economies is higher than that of oil-producing countries. Compared with non-oil producing countries, trade liberalization in oil-producing countries contributes more to carbon emissions. Investment in transportation infrastructure significantly boosted economic growth in both oil and non-oil producing countries, but oil producing countries contributed more than non-oil producing countries. A range of policy proposals were discussed to achieve economic and environmental sustainability.

The phenomenon of resource curse refers to the effect of the availability of a region in its natural resources. This is a special concern for oil-producing countries. The paradox of the resource curse indicates that countries with abundant natural resources are experiencing conditions of sluggish economic growth, social inequality and political instability. This study aims to analyze the dynamic relationship between oil production, the amount of oil reserves, and oil prices to GDP. The researcher analyzed in the short and long term the 4 largest oil-producing countries in the Middle East region, namely Qatar, Saudi Arabia, the United Arab Emirates, and Kuwait. Empirically, the time series data used covers the years 2013-2023 using the VECM Panel method. The results of the estimate show that there is no causal relationship, only the variable of oil reserves affects economic growth. Based on the Impulse Response Function (IRF), it shows that economic growth responds to shocks that occur on itself or two other variables, namely experiencing fluctuations at the beginning of the period and reaching equilibrium points in different periods. The results of the Variance Decomposition (VD) contribution show that oil production has a negative relationship with economic growth. The long-term results of PVECM found that oil reserves (CM) and oil production (PM) in lag 1 did not have a significant influence on economic growth. As well as the short-term results of PVECM that oil reserves (CM) have a significant influence on economic growth, while oil production (PM) does not have a significant influence in the short term. This discovery provides an interesting picture of the dynamics of natural resources, especially oil, in relation to economic growth.

The Gulf of Guinea's tremendous potential is creating investment opportunities for the region. Some of its resources, such as oil, minerals, and forests, continue to attract significant investments whereas others, like natural gas, could be exploited to their full potential if necessary investments were undertaken. Nevertheless, the Gulf of Guinea has to cope with numerous challenges, both exogenous and endogenous, before it can fully benefit from its riches. One of these problems stems from the overwhelmingly weak institutions and governance, pointed by stylized facts, which add to the risks of \"natural resource curse\" and can feed the theory of the \"Paradox of Plenty.\" The case is made that regional institutional arrangements and increased involvement of the international community and the African Diaspora should complement the efforts in which countries in the region should engage to address policy and governance issues. Complementary avenues are proposed, including maintaining stability and security, making better use of the region's own assets, putting in place a favorable business environment, and augmenting exports with value addition.

This study analyzes the influence of natural resource rents, governance indicators, and their interactions on economic growth in twelve oil-producing countries in the MENA region from 2002 to 2021. Various versions of a panel ARDL model are estimated using PMG, MG, and DFE estimators. The results suggest that natural resource rents in MENA oil-producing countries positively affect long-term economic growth when accompanied by good governance. Government effectiveness and control of corruption also contribute positively to economic growth in the long run. Furthermore, financial development is found to enhance long-term economic growth. These findings highlight the potential of natural resources to drive economic growth when supported by strong institutions. To maximize natural resource rent benefits, MENA countries should improve governance indicators such as government effectiveness, control of corruption, and rule of law. This includes enhancing civil service competence, decision implementation, and managing political pressure. Key factors include revenue mobilization, infrastructure quality, policy consistency, and penalties for corruption. Ensuring equality under the law, transparent legal processes, an independent judiciary, and access to legal remedies are crucial for effective rule of law. Additionally, MENA countries should prioritize developing non-oil sectors like tourism, industry, technology, entertainment, transportation, and communication.

Over many years rises and fall of world oil prices have been repeatedly reflected in the boom-bust cycles in oil-exporting countries the world over. The recent spectacular rise and equally spectacular fall in prices provides an opportunity to inquire whether anything is different this time. In this paper we limit the analysis to the experience, outlook, and longterm fiscal policy considerations for eight of the world's oil-producing countries in sub- Saharan Africa. Because we are interested in gauging their fiscal vulnerability and sustainability from the angle of managing exhaustible oil wealth, we focus on the non-oil primary balance as the relevant indicator of how initial conditions and resource endowments can influence long-term considerations in several different models of fiscal rules.

This paper discusses fiscal surveillance criteria for the countries of the Central African Monetary and Economic Union (CEMAC), most of which depend heavily on oil exports. At present, the CEMAC's macroeconomic surveillance exercise sets as fiscal target a floor on the basic budgetary balance. This appears inadequate, for at least two reasons. First, fluctuations in oil prices and, hence, oil receipts obscure the underlying fiscal stance. Second, oil resources are limited, which suggests that some of today's oil receipts should be saved to finance future consumption. The paper develops easy-to-calculate indicators that take both aspects into account. A retrospective analysis based on these alternative indicators reveals that in recent years, the CEMAC's surveillance exercise has tended to accommodate stances of fiscal policy that are at odds with sound management of oil wealth.

Current literature conveys that in spite of multiple studies being conducted to explore the influences of various macroeconomic factors both geographical and non-geographical on the CO2 emissions in different parts of the world, there is a scarcity of the same analyses from oil-producing countries. In this study, we reveal a new dimension by investigating the dynamic linkage of climate change, economic growth, energy use, and agricultural and rural development to the CO2 emissions of oil-producing countries around the world. In doing so, we apply Pedroni and Kao panel cointegration test, vector error correction model (VECM), pairwise Granger causality test, impulse response function (IRF), and some supportive models such as-generalized method of moments (GMM), and fixed-effect models. Our primary VAR-based models’ evidence that energy use (EUE), foreign direct investment (FDI), and trade to GDP (TPR) rate have both short-run and long-run casual consequences in CO2 emissions, while only long-run Granger causality is running from agricultural land ratio (ALR), forest area ratio (FAR), gross domestic product (GDP), population growth rate (PGR), renewable energy consumption (REC), and rural population rate (RPR) to CO2 emissions. However, bidirectional associations are observed between CO2 to foreign direct investment and trade percentage rate; EUE to renewable energy consumption and TPR; and TPR to FDI and gross domestic product. To demonstrate the significant impact, our secondary analysis tools GMM and fixed-effect regressions’ results disclose that high energy use and more domestic products significantly contaminate the environmental condition by increasing CO2 emissions in the atmosphere. Hence, our research provides great implications for the authorities of government, producers, businessmen, and general public in the oil-producing countries to ensure a sustainable environment by reducing energy use or alternating with renewable energies and emphasizing environmentally friendly products production over the long-run rather than conventional products production in the short-run.