Financial development and natural resources for the top five gas exporters

Given the recent preoccupations of scientific environment for “resource curse” in context financial development, aim this paper is to explore more connection between development and natural resources abundance/dependence major five gas exporters period 1996–2021. The panel data models based on DOLS/FMOLS approach mean group (MG) estimator suggest that impact resource abundance depends type indicators used assess progress, as previous studies suggested. More coal per capita interaction contract intensity total resources, respectively oil contribute markets, while economic growth supports institutions. Even if causally related it does not exert a significant these countries. new international might be an opportunity US, Canada, China Saudi Arabia achieve target.