An empirical investigation of resource curse hypothesis for cobalt

dc.authoridShah, Muhammad Ibrahim/0000-0001-9978-0569
dc.authoridYilanci, Veli/0000-0001-5738-690X
dc.contributor.authorYilanci, Veli
dc.contributor.authorTurkmen, N. Ceren
dc.contributor.authorShah, Muhammad Ibrahim
dc.date.accessioned2025-01-27T20:24:21Z
dc.date.available2025-01-27T20:24:21Z
dc.date.issued2022
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractNatural resources are considered as one of the most important factors stimulating the economic growth and development of countries. The studies concerning the relationship between the abundance of resources and economic growth, namely the resource curse, are increasing day by day and have produced conflicting results, either accepting, rejecting, or partially accepting the existence of the curse. Since the last decade, cobalt chemicals demand has radically increased because of the usage of Li-ion batteries in consumer electronics and electric vehicles. Due to the increasing importance of cobalt as a resource, this study takes an attempt to explore the resource curse hypothesis for cobalt for Australia, Canada, the Democratic Republic of Congo, Cuba, Morocco, Russia, and South Africa over the period of 2000-2018. The study employs second-generation panel data techniques in order to account for the dependency in the cross-sectional units and parameter heterogeneity. The findings of the study show that while the Democratic Republic of Congo exhibits evidence of the resource curse hypothesis for cobalt resource abundance, Canada, Cuba, and Russia reveal a positive relationship between economic growth and cobalt resource availability. For the whole panel, this study fails to find any evidence of the resource curse hypothesis in terms of Cobalt. Based on the findings, several policy implications are provided.
dc.identifier.doi10.1016/j.resourpol.2022.102843
dc.identifier.issn0301-4207
dc.identifier.issn1873-7641
dc.identifier.scopus2-s2.0-85132798473
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.resourpol.2022.102843
dc.identifier.urihttps://hdl.handle.net/20.500.12428/22172
dc.identifier.volume78
dc.identifier.wosWOS:000838123500004
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier Sci Ltd
dc.relation.ispartofResources Policy
dc.relation.publicationcategoryinfo:eu-repo/semantics/openAccess
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20250125
dc.subjectResource curse
dc.subjectCobalt
dc.subjectEconomic growth
dc.subjectSecond-generation panel tests
dc.titleAn empirical investigation of resource curse hypothesis for cobalt
dc.typeArticle

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