Özet:

In addition, the establishment of an econometric model, the relationship between oil production and its prices and economic growth, as well as the impact of oil on the rules of law that show corporate quality, has been measured. The results of the econometric model indicate that oil production and prices have a positive impact on both economic growth and the legal rules on the variables in the short term. According to this conclusion, countries seeking to economic development, taking into account their natural resources and corporate quality, are required to create a long-term and implementable economic development program to improve the quality of life of the society. According to the theory of resource curse, it appears that many countries, especially oil-rich, are unable to sustainable economic growth and development. This situation, which is more common in countries with low corporate quality, under-developed infrastructure, high corruption and income inequality and low outsourcing sector development, causes people to a situation that is poverty and low quality of life. This study examines the impact of the oil producer Angola on its resource income and corporate quality, economic and social structures, for the period 2000-2018. According to the results of the research, the corporate quality factor, in other words, shows that the governments’ management skills are ahead of economic factors and that the corporate quality causes negative effects on the socio-economic development of Angola.

Anahtar Kelimeler:

Özet:

In addition, by establishing an econometric model, the relationship between with the economic growth the oil production and prices as well as, the effect of oil which is shows institutional quality, on the rules of law were measured. Econometric model results, show that oil production and prices have positive effects short period on economic growth and rules of law. According to this result, it is necessary to create a long-term and feasible economic development program in order to increase the quality of life of the society by taking into consideration the natural resources and institutional quality of the countries that want to realize economic development. According to the resource curse theory, most of the oil-rich countries do not achieve the sustainable economic growth and development. This situation, which is more prevalent in the countries which are high in corruption and inequality of income, also the low institutional quality, causes a situation that impoverishes the population and decreases the quality of life. In this study, of the oil producer Angola the effects on the economic and social structures of resource revenues and institutional quality are examined for the period of 2000-2018. According to the results of the research, it can be seen that institutional quality factor, in other words, governance ability of governments is more prominent than economic factors and institutional quality is showed the negative effects on the socio-economic development of Angola.