Does the resource curse exist? Evidence from oil discovery and production in Ghana

Benard Akalbeo

Resources Policy, 2025, vol. 101, issue C

Abstract: Over the years, countries across the world have made significant discoveries of various forms of natural resources. The most important, valuable, and problematic of all these discovered resources is arguably oil. This paper investigates the impact that the oil discovery in Ghana in 2007 and its subsequent production has had on the economic growth as well as the unemployment rate of the country. Using the synthetic control method for comparative case studies approach, we exploit the quasi-experimental nature of the discovery which was due to an exogenous shock.

Keywords: Economic growth; Unemployment rate; Crowding out effect; Quasi-experimental (search for similar items in EconPapers)
JEL-codes: O44 Q33 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:101:y:2025:i:c:s0301420725000017

DOI: 10.1016/j.resourpol.2025.105459

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