Natural resource revenues and public investment in resource-rich economies in sub-Saharan Africa

Amin Karimu, George Adu, George Marbuah, Justice Tei Mensah and Franklin Amuakwa-Mensah

No wp-2016-24, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The general policy prescription for resource-rich countries is that, for sustainable consumption, a greater percentage of the windfall from resource rents should be channelled into accumulating foreign assets such as a sovereign public fund as done in Norway and other developed but resource-rich countries. This might not be a correct policy prescription for resource-rich sub-Saharan African (SSA) countries, where public capital is very low to support the needed economic growth. In such countries, rents from resources serve as opportunity to scale-up the needed public capital.

Keywords: Public; investments (search for similar items in EconPapers)
Date: 2016
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Journal Article: Natural Resource Revenues and Public Investment in Resource-rich Economies in Sub-Saharan Africa (2017)
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