Work

Natural resource abundance, institutions and economic growth in Africa

Year: 2015

Type: article

Abstract: The study analysed the effect of institution on resource curse abundance–economic growth nexus using the system generalised method of moments. The empirical results refute the resource curse hypothesis in Africa. In addition, institutions have dampening effect on the nexus. This stems from the fact that the institutional development level of most African countries is weak. The study also found out that the resource curse hypothesis is not peculiar to oil wealth as indicated in the literature. Lastly, our results do not support the rentier effect as a possible channel of the hypothesis.

Source: African J of Economic and Sustainable Development

DOI: 10.1504/ajesd.2015.068513

Authors: Mutiu A. Oyinlola, Oluwatosin A. Adeniyi, Ibrahim D. Raheem

Institution: University of Ibadan

Language: English

Topic: Natural Resources and Economic Development

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W2105437874

FWCI: 4.956

Cites: 5

Cited by: 35

Related to: 10