Abstract:
Main objective of this study is that coming to a conclusion by investigating the
relationship between natural resource abundant and economic growth via a deep
literature review from past studies. This study which has adopted qualitative
methods has reviewed many studies which centered natural resources and
economic growth during past twenty years (Before 2008). According to the past
studies, most of the studies show the negative relationship between natural
resource abundant and economic growth. Some of them show the positive
relationship between these two variables. A few studies show that the relationship
between natural resources and economic growth determined by other factors such
as human resource development, good governance and history of colonization.
Recent studies have shown the impact of economic growth on natural resources
namely environmental resources than determination of natural resources the
economic growth. The conclusion of this study is that there is no robust positive
relationship between natural resource abundant and economic growth. The
relationship should be determined by other factors in an economy. Ecologists
have proved statistically the negative effects of economic growth on natural
resources.
