Resource curse: Case study of Nigeria

Adela Zubikova ()
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Adela Zubikova: University of Economics in Prague, Faculty of Economics

No 4507411, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: The aim of the article is to verify the validity of resource curse in the case of Nigeria at the beginning of the new millennium. The theoretical part defines the role of natural resources as a form of capital, the symptoms of the alleged curse and transmission channels of resource curse. The practical part verifies several hypotheses established by comparing research papers on impacts of natural resources. The validity of the Prebisch-Singer hypothesis, Dutch disease symptoms and a negative impact on political institutions (inclination toward authoritarianism, high level of corruption, high government spending and low efficiency of economic and political decision-making) are verified. Results confirm most of the manifestations of the resource curse.

Keywords: resource curse; natural capital; economic growth; Prebisch-Singer hypothesis; Dutch disease (search for similar items in EconPapers)
JEL-codes: O13 Q00 Q33 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2017-07
New Economics Papers: this item is included in nep-afr and nep-env
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Proceedings of the Proceedings of the 8th Economics & Finance Conference, London, Jul 2017, pages 258-269

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:4507411

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