Natural resources and wealth inequality: a cross-country analysis

Sosson Tadadjeu, Henri Njangang, Simplice Asongu and Yann Nounamo

Journal of Economic and Administrative Sciences, 2021, vol. 39, issue 3, 596-608

Abstract: Purpose - This study investigates the impact of natural resources on wealth inequality as a first attempt on a panel of 45 developed and developing countries. Design/methodology/approach - Using the generalized method of moments (GMM), the results provide strong evidence that natural resources increase wealth inequality within a linear empirical framework. Findings - These results are robust to the use of alternative natural resources and wealth inequality measures. Additionally, a nonlinear analysis provides evidence of an invertedUshaped relationship between natural resources and wealth inequality. The net effect of enhancing natural resources on wealth inequality is positive and building on the corresponding conditional negative effect, the attendant natural resource thresholds for inclusive development are provided. It follows that while natural resources increase wealth inequality, some critical levels of natural resources are needed for natural resources to reduce wealth inequality. Originality/value - To the best of knowledge, this is the first study to assess how enhancing natural resources affect wealth inequality.

Keywords: Oil wealth; Natural resources; Wealth inequality; Sustainable development; F21; F54; L71 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
Working Paper: Natural resources and wealth inequality: a cross-country analysis (2021)
Working Paper: Natural resources and wealth inequality: a cross-country analysis (2021)
Working Paper: Natural resources and wealth inequality: a cross-country analysis (2021)
Working Paper: Natural resources and wealth inequality: a cross-country analysis (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:jeaspp:jeas-05-2021-0099

DOI: 10.1108/JEAS-05-2021-0099

Access Statistics for this article

Journal of Economic and Administrative Sciences is currently edited by Associate Professor Ghulam A Arain and Dr Rebecca Abraham

More articles in Journal of Economic and Administrative Sciences from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().