Impact of natural resources on economic progress: Evidence for trading blocs in Latin America using non-linear econometric methods
Latin America is a region that is dependent on natural resources; thus, posing severe challenges for achieving economic progress along with social inclusion. This research aims to examine how the formation of trade blocs moderates the link between natural resource rents-economic progress in Latin America using non-linear econometric methods. In addition, we evaluate the moderating effect of urban concentration, knowledge, and the index of economic freedom.