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Natural resources and wealth inequality: a cross-country analysis

Sosson Tadadjeu (), Henri Njangang (), Simplice Asongu () and Yann Nounamo ()
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Sosson Tadadjeu: University of Dschang , Cameroon
Henri Njangang: University of Dschang , Cameroon
Yann Nounamo: University of Douala, Douala, Cameroon

No 21/019, Research Africa Network Working Papers from Research Africa Network (RAN)

Abstract: This study investigates the impact of natural resources on wealth inequality as a first attempt on a panel of 45 developed and developing countries over the period 2000-2014. Using the Generalized Method of Moments, the results provide stong evidence that natural resources increase wealth inequality within a linear empirical framework. These results are robust to the use of alternative natural resources and wealth inequality measures. Additionnaly, a nonlinear analysis provides evidence of an inverted U shaped 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.

Keywords: Oil wealth; Natural resources; Wealth inequality; Sustainable development (search for similar items in EconPapers)
JEL-codes: F21 F54 L71 (search for similar items in EconPapers)
Pages: 17
Date: 2021-01
New Economics Papers: this item is included in nep-ene
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http://publications.resanet.org/RePEc/abh/abh-wpap ... country-analysis.pdf Revised version, 2021 (application/pdf)

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Working Paper: Natural resources and wealth inequality: a cross-country analysis (2021) Downloads
Working Paper: Natural resources and wealth inequality: a cross-country analysis (2021) Downloads
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