Natural Wealth and Economic Growth: The Case of Sub-Saharan Africa

Otaviano Canuto and Christos Daoulas

No 1911, Research papers & Policy papers on Economic Trends and Policies from Policy Center for the New South

Abstract: This note approaches the relationship between natural wealth and economic growth, using the case of Sub-Sahara African economies as an illustration. Delving into recent World Bank reports, it highlights how a sustained positive correlation between natural capital and GDP growth happens through the transformation of the former into other forms of assets: produced capital, human capital and other intangible assets. Governance features and the quality of macroeconomic policies are of the essence for such a benign trajectory to take place.

Date: 2019-08
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Working Paper: Natural Wealth and Economic Growth: The Case of Sub-Saharan Africa (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:ocp:rpaeco:pp_19-12

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