Natural Resources, Institutional Quality, and Economic Growth: an African Tale

Boniface Ngah Epo and Dief Reagen Nochi Faha ()
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Boniface Ngah Epo: Université de Yaoundé II
Dief Reagen Nochi Faha: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique, Université de Yaoundé II

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Abstract: This study investigates the role of institutions in the relationship between natural resources and economic growth using panel data from 44 African countries over the period 1996–2016. We use natural resource rents as a percentage of gross domestic product (GDP) and the share of ores and metals exports in total merchandise exports as variables for natural resources. To check for endogeneity, heterogeneity, and nonlinearity, we undertake cross-sectional instrumental variable analysis, system dynamic panel-data instrumental variable regression, and panel smooth transition regression. The relationship between natural resources and economic growth varies for indicators of institutional quality and the measure for natural resources.

Keywords: Africa; Panel threshold; Institutions; Natural resources; Economic growth (search for similar items in EconPapers)
Date: 2020-01
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02157588v1
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Citations: View citations in EconPapers (28)

Published in European Journal of Development Research, 2020, 32 (1), pp.99-128. ⟨10.1057/s41287-019-00222-6⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02157588

DOI: 10.1057/s41287-019-00222-6

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