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Modelling Natural Resources, Oil and Economic Growth in Africa

Karel Janda () and Gregory Quarshie

MPRA Paper from University Library of Munich, Germany

Abstract: Using panel data from 1980 to 2010 on 34 sub-Saharan African countries, this paper examines whether institutionalised authority, which is a proxy for state authority, can change the negative relationship between natural resources and economic growth. The key finding is that, institutionalised authority can alter the negative relationship that exists between natural resources and economic growth. We also model the relationship between the oil revenue (fuel exports) and economic growth, and how institutionalised authority can alter this relationship as well.

Keywords: Economic Growth; Natural Resources; Oil; Institutions; Dutch Disease; Sub-Saharan Africa (search for similar items in EconPapers)
JEL-codes: C33 O43 P52 Q43 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr, nep-ene and nep-gro
Date: 2017-02-10
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76749

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