Oil resource abundance, institutions and growth: Evidence from oil producing African countries

Perekunah Eregha and Ekundayo Mesagan

Journal of Policy Modeling, 2016, vol. 38, issue 3, 603-619

Abstract: The study interacted different measures of institutional quality and oil-resource abundance to determine if good institutions can reverse resource curse or enhance resource blessing in African oil rich countries. Result showed that institutional quality insignificantly enhanced per-capita income growth, thereby questioning institutional quality in these countries, but surprisingly, the interaction variables were negative and significant alluding to the fact that the quality of institutions in these countries would not be able to reverse the resource curse in these countries. It is therefore expedient to strengthen the quality of the institutions to sustain growth and enhance proper resource management in these countries.

Keywords: Oil resource abundance; Institutions; Panel data; Per capita GDP growth (search for similar items in EconPapers)
JEL-codes: O11 O13 Q0 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (64)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:38:y:2016:i:3:p:603-619

DOI: 10.1016/j.jpolmod.2016.03.013

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