Does the exploitation of natural resources promote the industrialization of African countries?

Guivis Zeufack Nkemgha (), Vladimir Kengne () and Armel Peuwo Djouaka ()
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Guivis Zeufack Nkemgha: University of Bamenda
Vladimir Kengne: University of Dchang
Armel Peuwo Djouaka: University of Dschang

Economics Bulletin, 2021, vol. 41, issue 3, 1338-1356

Abstract: Despite the growing literature on natural resources, little is known about the effect of natural resources on industrialization, particularly in African countries. This study investigates how natural resources affect industrialization process in 28 African countries over the period 1998-2014. Two industrialization indicators (consisting of added value of manufacturing sector and added value of industry) are used. The empirical evidence is based on Ordinary Least Squared (OLS), system Generalized Method Moments (GMM) and Quantile Regression (QR). The results show that natural resources hamper industrialization in African countries.

Keywords: natural resources; industrialization; African countries (search for similar items in EconPapers)
JEL-codes: L6 Q0 (search for similar items in EconPapers)
Date: 2021-09-17
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Citations: View citations in EconPapers (1)

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