The path to sustainable economies in the Middle East: Monitoring the spatial spillover effect of natural resources dependence and geopolitical risk
Despite considerable attention given to the relationship between natural resource dependence, geopolitical risk and economic growth, existing literature often neglects the spatial transmission effects of geopolitical risk and policy dynamics from neighboring regions. Therefore, this study utilizes t...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-06-01
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| Series: | Sustainable Futures |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666188825000243 |
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| author | Mohammed Alnour Emrah Kocak |
| author_facet | Mohammed Alnour Emrah Kocak |
| author_sort | Mohammed Alnour |
| collection | DOAJ |
| description | Despite considerable attention given to the relationship between natural resource dependence, geopolitical risk and economic growth, existing literature often neglects the spatial transmission effects of geopolitical risk and policy dynamics from neighboring regions. Therefore, this study utilizes the Spatial Durbin Model (SDM) to analyze 14 Middle Eastern countries, examining the nature and magnitude of the spatial spillover effects among geopolitical risk, natural resource rents, and economic growth using annual data from 1990 to 2021. The findings reveal significant spatial dependency among the sampled countries. Natural resources rent positively contributes to economic growth. Moreover, the spillover effect of geopolitical risk on economic growth is both significant and more pronounced. An increase in geopolitical risk in a neighboring region has a detrimental impact on economic growth in other countries. |
| format | Article |
| id | doaj-art-2e2fe492eade4882bedbae9db650a7ef |
| institution | Kabale University |
| issn | 2666-1888 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Sustainable Futures |
| spelling | doaj-art-2e2fe492eade4882bedbae9db650a7ef2025-01-24T04:45:44ZengElsevierSustainable Futures2666-18882025-06-019100454The path to sustainable economies in the Middle East: Monitoring the spatial spillover effect of natural resources dependence and geopolitical riskMohammed Alnour0Emrah Kocak1Department of Economics, Balikesir University, Bigadic-Balikesir 10463, Turkiye; Department of Economics, Erciyes University, Melikgazi-Kayseri 38039, TurkiyeDepartment of Economics, Erciyes University, Melikgazi-Kayseri 38039, Turkiye; Corresponding author.Despite considerable attention given to the relationship between natural resource dependence, geopolitical risk and economic growth, existing literature often neglects the spatial transmission effects of geopolitical risk and policy dynamics from neighboring regions. Therefore, this study utilizes the Spatial Durbin Model (SDM) to analyze 14 Middle Eastern countries, examining the nature and magnitude of the spatial spillover effects among geopolitical risk, natural resource rents, and economic growth using annual data from 1990 to 2021. The findings reveal significant spatial dependency among the sampled countries. Natural resources rent positively contributes to economic growth. Moreover, the spillover effect of geopolitical risk on economic growth is both significant and more pronounced. An increase in geopolitical risk in a neighboring region has a detrimental impact on economic growth in other countries.http://www.sciencedirect.com/science/article/pii/S2666188825000243Natural resources rentMiddle EastGeopolitical riskSpatial spilloversGDP |
| spellingShingle | Mohammed Alnour Emrah Kocak The path to sustainable economies in the Middle East: Monitoring the spatial spillover effect of natural resources dependence and geopolitical risk Sustainable Futures Natural resources rent Middle East Geopolitical risk Spatial spillovers GDP |
| title | The path to sustainable economies in the Middle East: Monitoring the spatial spillover effect of natural resources dependence and geopolitical risk |
| title_full | The path to sustainable economies in the Middle East: Monitoring the spatial spillover effect of natural resources dependence and geopolitical risk |
| title_fullStr | The path to sustainable economies in the Middle East: Monitoring the spatial spillover effect of natural resources dependence and geopolitical risk |
| title_full_unstemmed | The path to sustainable economies in the Middle East: Monitoring the spatial spillover effect of natural resources dependence and geopolitical risk |
| title_short | The path to sustainable economies in the Middle East: Monitoring the spatial spillover effect of natural resources dependence and geopolitical risk |
| title_sort | path to sustainable economies in the middle east monitoring the spatial spillover effect of natural resources dependence and geopolitical risk |
| topic | Natural resources rent Middle East Geopolitical risk Spatial spillovers GDP |
| url | http://www.sciencedirect.com/science/article/pii/S2666188825000243 |
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