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  • 标题:Natural resources, institutions and economic development in Africa
  • 本地全文:下载
  • 作者:Augustin Fosu ; Augustin Fosu ; Dede Gafa
  • 期刊名称:African Review of Economics and Finance
  • 印刷版ISSN:2042-1478
  • 出版年度:2019
  • 卷号:11
  • 期号:1
  • 页码:29-52
  • 出版社:African Journals Online
  • 摘要:This article, first, examines the association between resource rents, institutions and economic growth in Africa, as well as the performance of resource-rich and non-resource-rich countries on institutional quality and political governance. The findings suggest that resource rents failed to contribute to long-term growth on the continent. Additionally, higher resource rents are associated with relatively weak institutions. Second, using historical data, the study tests the validity of the resource-curse hypothesis in two resource-rich countries, namely, Nigeria and Botswana. Although both countries have derived substantial revenues from their natural resource sectors, the distributed-lag results show that Nigeria may have experienced a natural resource curse, while Botswana has not. These findings are presumed, based on the extant literature, to be explained by differences in the level of institutional quality.
  • 关键词:Natural resources; Institutions; Africa
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