بررسی اثر بیماری هلندی و وضعیت نهادی بر رشد اقتصادی کشورهای نفتی (با تأکید بر فساد و حکمرانی خوب)

In this study, the relationship between the Dutch disease effect and institutional situation on economic growth in oil-producing countries is investigated during the period 1960-2014, using panel data. The experimental results obtained show that the negative effect of natural resource abundance, along with weak institutional factors does not change after importing variables affecting economic growth Such as physical investment, government consumption expenditure , growth of trade and economic openness. In addition the abundance of natural resources has led to an increase in value added growth in the services sector, reducing the growth of value added of the industrial sector, reducing the growth of industrial exports and relative changes in the share of value added sectors in favor of the service sector. Therefore, there is evidence of Dutch disease in these countries. Accordingly, due to the direct relationship of these variables with economic growth, It could be argued that the abundance of natural resources along with the weak institutional factors lead to Weakening of industrial sector as Interchangeable part and reducing industrial exports and thus to slow down economic growth. Dutch disease may be prevented in these countries with minimize natural resource exports raw and the share of export revenues in the state budget sources and support the non-oil sector and the establishment of institutions such as savings and investment fund oil revenues.