Does resource abundance impede growth in services? An empirical study from global panel data

Mamoudou Camara ()
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Mamoudou Camara: IESEG School of Management

Economics Bulletin, 2025, vol. 45, issue 3, 1573 - 1587

Abstract: Most empirical studies on the relationship between natural resource abundance and sectoral output focused on manufacturing and agriculture. Given the growing importance of services both in developed and developing economies for several decades, this article aims to analyze the effects of natural resource abundance on services with special focus on sub-Saharan Africa. Applying the Generalized Quantile Regression (GQR) estimator on panel data from 100 countries over the period 1990-2020, the results reveal that natural resource abundance negatively affects services. Especially, we find robust evidence that natural resource rents have a negative and significant impact on services both for the full sample and in sub-Saharan Africa, suggesting that natural resource abundance impedes the growth in services. Our results are robust to the use of oil and gas rents as an alternative proxy for natural resource abundance, especially for the full sample.

Keywords: Services; Resource curse; Dutch disease; resource abundance; sub-Saharan Africa; Quantile regression. (search for similar items in EconPapers)
JEL-codes: O1 Q3 (search for similar items in EconPapers)
Date: 2025-09-30
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