The Role of Primary Commodities in Economic Development: Sub-Saharan Africa versus Rest of the World

Fabrizio Carmignani () and Abdur Chowdhury ()

No 2010-01, Working Papers and Research from Marquette University, Center for Global and Economic Studies and Department of Economics

Abstract: We study the nexus between natural resources and growth in Sub-Saharan Africa (SSA) and find that SSA is indeed special: resources dependence retards growth in SSA, but not elsewhere. The natural resources curse is thus specific to SSA. We then show that this specificity does not depend on the type of primary commodities on which SSA specializes. Instead, the SSA specificity appears to arise from the interaction between institutions and natural resources.

Keywords: primary commodities; growth; institutions; Economics (search for similar items in EconPapers)
JEL-codes: F43 O13 O40 Q00 (search for similar items in EconPapers)
Date: 2010-09
New Economics Papers: this item is included in nep-afr and nep-dev
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Related works:
Working Paper: The Role of Primary Commodities in Economic Development: Sub-Saharan Africa Versus the Rest of the World (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:mrq:wpaper:2010-01

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